Making a new addition to his list of titles in the tech arena is Marc Andreessen - along with being a browser technology pioneer, a serial entrepreneur, and an angel investor, he has now become a venture capitalist too!
According to reports, Andreessen - together with ex-Opsware executive and fellow angel investor Ben Horowitz - has launched a venture capital fund. The partnership firm - Andreessen Horowitz - functioning from its Page Mill Road in Palo Alto, California, got registered with the California Secretary of State in July 2008.
Even though Andreessen's venture capital fund comes in the times of VC funding into start-ups plunging 71 percent in the fourth quarter, from the year-before figures, the man behind the show intends raising a fund, to heave the investment mark from $100,000 to $500,000 per deal.
Andreessen has a reputation for creating firms that have either gone public or been bought for monstrous amounts! Right from the former browser pioneer Netscape to the buyout of Opsware for $1.6 billion - Andreessen has been through it all! Over the last three-year period, he and Horowitz put in their own capital in 36 startups.
As per Techcrunch data, the investor-duo last year backed mobile video company Qik, social investing site kaChing, virtual worlds company Metaplace, dating site I'minlikewithyou, online publishing company Crowdfusion, search company Blekko and lonelygirl15-producer EQAL!
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