Venture capital firm Andreessen Horowitz has announced the launch of a startup school for entrepreneurs looking to develop cryptocurrency projects.
At the TechCrunch Disrupt technology conference in San Francisco, 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.
“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 at the conference.
In addition to not taking equity, Andreessen Horowitz's crypto startup school will also be free of charge. Dixon does note, however, that he hopes startups that join the program might end up having conversations about possible investments from Andreessen Horowitz, but that is not a requirement.
In June 2018, Andreessen Horowitz launched a $300 million venture fund dedicated to investing in “crypto companies and protocols.” Since then, the crypto arm has made investments in projects like MakerDAO, Anchorage, and Ripple.