Marc Andreessen’s New Venture Capital Fund
July 6, 2009 by Stephen Kersey
Filed under Business
Marc Andreessen is one of the most famous people in Silicon Valley. The 37-year-old is perhaps most well-known for co-authoring Netscape Navigator — the first widely used browser.
According to various reports, Andreessen is stepping into the world of venture capital. He has reportedly raised $300 million for his new venture capital fund. Andreessen and his partner, Ben Horowitz, supposedly could have gotten even more money but they decided to cap it at $300 million.
Considering the economy, that’s a lot of venture capital money to draw in. It’ll be interesting to see which companies the duo plans to invest in.
After Netscape was sold to AOL in 1999 for more than $4 billion, Andreessen kept up his entrepreneurial ways. He formed Loudcloud, which was eventually sold to Hewlett-Packard for more than $1.5 billion. His latest venture is Ning, which allows people to make their own social networks.
Andreessen already has invested in a number of companies including Twitter, Digg, Netvibes and Plazes. He’s also connected to other massive internet entities such as eBay and Facebook.
Marc Andreessen (Image: Flickr)
