Marc Andreessen starts $300M VC fund - South Florida Business Journal:

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billion. While the actual news that Andreessen-Horowitz was bein formed was broken in February on the Charlie RoseTV show, detaile and the official launch came on On his blog, Andreesse n wrote: "Between the two of us, Ben and I have started three companies directly, created many new productss and services, run operating businesses at high levels of angel invested in 45 tech startups in the last five years, and serverd on a broad cross-section of company boardx with some of the best entrepreneurzs and investors in the Through all this, we have worked closely togethedr for 15 years, and we could not be more excited to extendd our partnership into venture capital.
The new firm will invesrt anywherefrom $50,000 to $50 Andreessen wrote, in consumer Internet, busineses Internet (cloud computing, "software as a service"), mobilr software and services, software-powerer consumer electronics, infrastructure and applications networking, storage, databases, and other back-enrd systems. Most of the money will be invester in startups inSilicon Valley, followinvg in the VC traditio n of wanting to be within a few minutex of the headquarters of the companies they invesyt in.
“We do not think it is an accideny that Google is inMountain View, Facebook is in Palo and Twitter is in San We also think that venture capital is a high touch activity that lends itself to geographic and our only office will be in Silicon Andreessen wrote on his blog. He was also clea r about what it won'tr invest in: "We are almost certainly not an appropriat e investor for any of thefollowinh domains: 'clean,' 'green,' energy, transportation, life sciences drug design, medical devices), nanotech, movi e production companies, consumer retail, electric cars, rockeg ships, space elevators. We do not have the first clue abou any ofthese fields.
" Andreessen said he will continue as chairman of a social networking software company he , as well as remain on the board at and (NASDAQ:EBAY). Horowitzs is vice president and general manager of business technologu optimization for softwareat . (NYSE:HPQ).