According to PANews, Andrew Chen, a general partner at a16z, announced on the X platform that a16z Speedrun has opened a new round of applications for startups. The deadline for applications is May 11. a16z Speedrun aims to invest up to $1 million in startups at a very early stage and will collaborate closely with them over the next 90 days to support their growth. The next round of projects is scheduled to begin from July 28 to October 10, 2025.