[misterbowfinger]

> It's always the same. Every single "diversity" measure needs to be chaired by a hip-hop producer or a fashion designer. This is why blacks will never be seen as true equals in our society

Hm, maybe in the short term, but I think the idea is that this fund will change that in the long term. Take Kobe Bryant's investment in Body Armor - it practically doubled his net worth, which means he has more funds to invest. If this fund is closely guided by a16z, it stands to reason that they'd benefit handsomely as well, thus hopefully funding more black scientists, engineers, and mathematicians.

The fact that current VCs worked in tech before is a red-herring - that hasn't always been the case. Those VCs ostensibly raised money from people who never worked in tech, and possibly knew nothing about "the business world". Have hope. This can definitely change.

Also, realize that raising money from Kevin Durant is materially better than raising money with the same terms from another VC. The marketing mojo is really effective.