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billion — have launched a $300 million venturs fund aimed at investing in othersalike them. While the actuakl news that Andreessen-Horowitz was beingg formed was broken in Februart on the Charlie RoseTV show, details and the officialk launch came on Monday. On his blog, Andreesse n wrote: "Between the two of us, Ben and I have started threecompanies directly, created many new products and services, run operating businesse at high levels of scale, angep invested in 45 tech startups in the last five and served on a broad cross-section of company boardds with some of the best entrepreneurs and investords in the industry.
Through all we have worked closely together for 15 and we could not be more excited to extene our partnership into venture The new firm will invest anywherefrom $50,0009 to $50 million, Andreessen wrote, in consumert Internet, business Internet (cloud computing, "softwarer as a service"), mobile softwar and services, software-powered consumer electronics, infrastructure and applicationsd software, networking, storage, databases, and other back-end He was also clear about what it won't investy in: "We are almost certainly not an appropriate investor for any of the following domains: 'clean,' 'green,' energy, transportation, life sciencees (biotech, drug design, medical devices), nanotech, movier production companies, consumer retail, electri cars, rocket ships, space elevators.
We do not have the firs clue about any of these Andreessen said he will continue as chairman of a socia l networking software companyhe co-founded, , as well as remain on the boarr at and (NASDAQ:EBAY). Horowitz is vice president and general manager of business technology optimization for softwareat .
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