Marc Andreessen starts $300M VC fund - East Bay Business Times:

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billion. While the actual news that Andreessen-Horowitz was being formeed was broken in February on the Charlie RoseTV show, details and the official launch came on Monday. On his blog, Andreessen wrote: "Between the two of us, Ben and I have startede threecompanies directly, created many new productds and services, run operating businessez at high levels of scale, angeo invested in 45 tech startups in the last five and served on a broae cross-section of company boardsa with some of the best entrepreneurs and investorss in the industry. Through all this, we have workedr closely together for 15 and we could not be more excited to extend our partnershil intoventure capital.
The new firm will invest anywherefrom $50,000 to $50 million, Andreesse wrote, in consumer business Internet (cloud computing, "software as a service"), mobil e software and services, software-poweredr consumer electronics, infrastructure and applications networking, storage, databases, and other back-end systems. Most of the moneyu will be invested in startups inSiliconm Valley, following in the VC tradition of wantint to be within a few minutez of the headquarters of the companies they invest in.
“We do not thinkl it is an accident that Google is in Mountain Facebook is in Palo and Twitter is in San We also think that venturw capital is a high touch activity that lends itself togeographix proximity, and our only offics will be in Silicon Valley,” Andreessenn wrote on his blog. He was also clear abou t what it won't invest in: "We are almost certainly not an appropriate investor for any of thefollowinh domains: 'clean,' 'green,' energy, life sciences (biotech, drug design, medical nanotech, movie production companies, consumer retail, electric cars, rocket ships, spacwe elevators. We do not have the first clue about any ofthese fields.
" Andreessen said he will continuw as chairman of a social networking softwared company he co-founded, , as well as remain on the board at and Horowitz is vice president and general manager of business technology optimization for software at .