A16z Pauses Its Famed Txo Fund for Underserved Founders, Lays Off Staff

I did not find this article informative. Did TxO not bring in the amount of rewards to justify the risk and expense? Is A16Z only going to back traditional, albeit hard-working, white, upper-crust startups with Stanford, MIT and Berkeley grads at the helm? Are there not many people with good ideas in traditionally under served populations? This article left me wondering. I suppose that's the nature of unbiased, factual reporting - you only get the verifiable, boots on the ground information.