Without a doubt, one of the hottest new startup accelerators in tech right now is Andreessen Horowitz's Speedrun program. Launched in 2023, the accelerator has an acceptance rate of less than 1%. In a January blog post, the program said that over 19,000 startups pitched and fewer than 0.4% were accepted into the latest cohort. The program used to focus on gaming startups, then expanded into entertainment and media, and is now a 'horizontal program,' Joshua Lu, the program's general manager and a partner at a16z, told TechCrunch. Today, founders of any type of startup can apply, and the program runs for about 12 weeks in San Francisco. It once had a program in Los Angeles, but Lu said the focus will be on SF from now on. There are two cohorts a year, and around 50 to 70 startups are accepted into each. The program invests up to $1 million into each company, though the downside is that it's a bit pricey. It typically invests $500,000 up front in exchange for 10% of the startup's...
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