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VC Fund for Black Investors

The Wall Street Journal reports that Andreessen Horowitz, a premier VC firm in Silicon Valley, is planning on launching an exclusive VC fund intended for black investors.

Wall Street Journal reports: Silicon Valley stalwart Andreessen Horowitz is launching a novel effort to boost diversity in technology: an exclusive new fund targeted at black celebrities, athletes and media figures.

Basketball star Kevin Durant, actor Will Smith and Essence magazine publisher Richelieu Dennis are among the initial limited partners in the venture-capital fund, according to people familiar with the matter.

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Same Story, Different Take : CNet