<p class="ingestion featured-caption">Athlos NYC was a first-of-its-kind track experience featuring an all-star all-women roster.Courtesy of Manseen Logan</p><ul class="summary-list"><li>I attended Athlos, Alexis Ohanian's all-women track competition.</li><li>Ohanian's venture fund Seven Seven Six hosted the inaugural race, awarding over $500,000.</li></ul><p>For two weeks straight, my Instagram feed was flooded with ads featuring <a target="_blank" href="https://www.businessinsider.com/alexis-ohanian-reddit-cofounder-life-career-education">Reddit cofounder Alexis Ohanian</a> promoting his latest investment, a futuristic women's-only track competition.</p><p>I brushed off the first couple of IG posts, but after a while, I became intrigued. What type of track event would a multimillionaire tech founder help to create?</p><p>Ohanian calls it Athlos, and his venture fund <a target="_blank" href="https://www.businessinsider.com/seven-seven-six-names-ohanian-first-3-operators-in-residence-2021-2">Seven Seven Six</a> just hosted the inaugural all-woman race on Thursday. Competitors were awarded over $500,000 collectively, with first-place <a target="_blank" href="https://www.instagram.com/p/DAZTc7-S2f2/?img_index=1">winners earning Tiffany crowns</a> instead of medals or trophies and a $60,000 cash prize. That's double the money typically given to male or female track athletes.</p><p>The tech founder turned investor is married to Serena Williams, one of the greatest athletes ever. He's also a founding investor and owner of Angel City FC, a soccer team that reportedly just became the <a target="_blank" href="https://www.businessinsider.com/bob-iger-willow-bay-majority-owners-of-angel-city-fc-2024-7">world's most valuable women's sports team</a> after Disney's Bob Iger and his wife Willow Bay reached a $250 million deal to become controlling owners.</p><p>Of course, Ohanian was at the event with one of his daughters. But if anyone thinks he's simply investing to improve women's sports in the future, <a target="_blank" class href="https://www.youtube.com/watch?v=bBRmlHNgaYY">he made it clear</a>, "It's never about charity or altruism. It's about capitalism."</p><p>Since I cover track on my personal time and just reported on the sport at <a target="_blank" class href="https://www.businessinsider.com/paris-olympics-awful-surprises-reporter-2024-8">the Paris Olympics</a>, I wanted to see what Ohanian would offer. I attended the first-of-its-kind event at Ichan Stadium in New York, and although it had a few flaws, it was exceptional.</p>