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

ycoguqi.wordpress.com
billion. While the actual news that Andreessen-Horowit was being formed was broken in February on the Charliew RoseTV show, details and the official launch came on On his blog, Andreessen wrote: "Between the two of us, Ben and I have started three companies directly, created many new productx and services, run operating businesses at high levels of angel invested in 45 tech startups in the last five and served on a broad cross-section of companh boards with some of the best entrepreneurx and investors in the industry. Througn all this, we have worked closely together for 15 and we could not be more excitexd to extend our partnership intoventurre capital.
The new firm will invesgt anywherefrom $50,000 to $50 million, Andreessen wrote, in consumert Internet, business Internet (cloud "software as a service"), mobile software and services, software-powered consumert electronics, infrastructure and applications networking, storage, databases, and other back-end systems. Most of the money will be invested in startupws inSilicon Valley, followinf in the VC tradition of wanting to be withib a few minutes of the headquartersa of the companies they invest in.
“Wes do not think it is an accident that Google is inMountaim View, Facebook is in Palo and Twitter is in San We also think that venturre capital is a high touch activity that lends itselr to geographic proximity, and our only office will be in Silicohn Valley,” Andreessen wrote on his He was also clear about what it won't invest in: "We are almostf certainly not an appropriate investor for any of the following domains: 'clean,' 'green,' energy, life sciences (biotech, drug design, medical nanotech, movie production companies, consumer retail, electric cars, rocke ships, space elevators. We do not have the firstg clue about any ofthese fields.
" Andreessen said he will continue as chairman of a social networkingb software company he , as well as remain on the board at and (NASDAQ:EBAY). Horowitz is vice presidentf and general manager of business technology optimization for software at . (NYSE:HPQ).