a16z (Andreessen Horowitz) has relaunched its Crypto Startup School (CSS), while expanding the program into a crypto accelerator, according to a blog post.
a16z is one of the best-known VCs in Silicon Valley. While backing various industry sectors, including Fintech, a16z has emerged as a big player in supporting crypto or digital asset startups. In fact, the VC group has raised over $7.6 billion to invest in crypto – Web3 firms. The firm believes we have entered the 3rd stage of the internet (Web3), migrating from siloed big tech and centralized services to a future of decentralized, community-governed projects.
CSS was originally kicked off in February 2020, and now it is returning in a new and improved version, with participants receiving $500,000 in seed funding to get things going.
CSS is accepting applications now for its 12-week, in-person program that includes mentorship and other assistance.
CSS reports that it has helped 40 founders who have gone on to raise over $300 million in venture funding, pursuing some of the top projects in the Web3 sector.