A16z Freerun opens up to the Fifth Events, provides $ 1M

A16z The runner announced that his first opening work of the next opening, SR005, the Friday Book of His Customs. The 12-2-story program begins on July 28 in Los Angeles, and A16z planning to collect up to $ 1 million to each company that you have been selected to participate. The event ends in the Demo Day October 7 on SF week. Used for this app next to May 11.

Russian students often combine the area in Ai and a place of participating, and their projects can include equipment, experiences, sports, and fun. According to A16z, less than 1% of the applications will protect money, but who will not earn the money from A16z but color commences from the team and network of the program. The company also states that it gives more than $ 100 million to 120+ from 2023.

Josh Lu, adult in A16z, said, “Flustrun was made for the stirring who are not used to instruct, and above all the foul-building team.”

A16z explained in detail the old SR004 group, which has 42 companies from over 6,000. 69% of the selected number were a number of many obstacles, including commercials, development, and myths. Cohort also showed stirring in several countries, including Canada, Israel, Turkey, London and Sweden.