a16z to invest $30 million in multiple startups over the next 45 days

Venture capital firm Andreessen Horowitz (a16z) announced Monday that it plans to invest $30 million in multiple startups. a16z general partner Andrew Chen said on X that it will invest $30 million over the next 45 days through the a16z Speedrun program. Each startup that joins the Speedrun program will receive $750,000. The company's Gaming Fund, which launches in 2022, invests in the development of a variety of gaming-related technologies, including Web3.