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

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billion. While the actual news that Andreessen-Horowita was being formed was broken in Februarg on the Charlie RoseTV show, detail s and the official launch came on On his blog, Andreessen wrote: "Between the two of us, Ben and I have startex three companies directly, created many new products and run operating businesses at high levelxs of scale, angel invested in 45 tech startup in the last five years, and served on a broad cross-sectio n of company boards with some of the best entrepreneurzs and investors in the industry. Througyh all this, we have workedc closely together for 15 and we could not be more excited to extend our partnershil intoventure capital.
The new firm will invest anywherfrom $50,000 to $50 million, Andreessen wrote, in consumer Internet, businese Internet (cloud computing, "softwar as a service"), mobile software and services, software-powered consumed electronics, infrastructure and applications software, storage, databases, and other back-end Most of the money will be invested in startups in Silicobn Valley, following in the VC traditioh of wanting to be within a few minute of the headquarters of the companiesw they invest in. “Wr do not think it is an accident that Google is inMountain View, Facebook is in Palo and Twitter is in San Francisco.
We also thin k that venture capital is a high touch activityh that lends itself togeographic proximity, and our only officw will be in Silicojn Valley,” Andreessen wrote on his He was also clear abourt what it won't invest in: "Wr are almost certainly not an appropriatew investor for any of the following 'clean,' 'green,' energy, transportation, life sciencex (biotech, drug design, medical devices), nanotech, movie productionb companies, consumer retail, electric cars, rocker ships, space elevators. We do not have the firs clue about any ofthesde fields.
" Andreessen said he will continuw as chairman of a social networkinyg software company he co-founded, , as well as remainb on the board at and Horowitz is vice president and general manager of businesd technology optimization for software at .