News Summary

• Andreessen Horowitz is pausing its Talent x Opportunity (TxO) fund and program.
• The firm announced TxO in 2020 to support founders who do not have access to traditional venture networks.
• The fund launched with $2.2 million in initial commitments, with a16z co-founder Ben Horowitz and his wife, Felicia, matching up to an additional $5 million.TxO provided founders with access to tech networks, a 16-week-long training program, and a $175,000 investment through a donor-advised fund managed by the nonprofit Tides Foundation.