Venture capital firm Andreessen Horowitz has announced the launch of a startup school for entrepreneurs looking to develop cryptocurrency projects.
Andreessen Horowitz unveiled its Crypto Startup School to “encourage more tech entrepreneurs to start crypto projects and help crypto-curious builders navigate the idea maze.”
Referring to the term “idea maze”, the company addressed the importance of good ideas for startups industry, which are eventually “well developed, multi-year plans that contemplate many possible paths according to how the world changes.”
No Equities and Fees Required
Chris Dixon, a general partner at the firm, said that Andreessen Horowitz is not looking for equity from participants. Instead, the firm wants to help entrepreneurs to apply the best industry practices. In addition to not taking equity, the crypto startup school will also be free of charge.
“We are going to run a startup school for crypto-specific startups and what we’ve learned over the last seven years as best practices in this category,” Dixon said.
Last year, Andreessen Horowitz launched a $300 million venture fund that is dedicated to investing in “crypto companies and protocols.” Since then, the crypto arm has made investments in projects like MakerDAO, Anchorage, and Ripple.
In recent months, various industry players have rolled out education-related initiatives. Most recently, privacy-centric computing network and app ecosystem Blockstack announced a partnership with skills-based online school Lambda School. Students enrolled in the program can reportedly now learn how to code Blockstack apps and earn monthly revenue through its App Mining Program.
Earlier this year, global crypto exchange Binance introduced its new developer-focused project, known as Binance X. The project reportedly supports developers and their initiatives by assisting in education and collaboration on Binance and connecting them with relevant internal programs that help projects progress at different stages of growth.