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

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billion. While the actual news that Andreessen-Horowitz was being formeed was broken in February on the Charlie Rose TV details and the official launch cameon Monday. On his blog, Andreessenh wrote: "Between the two of us, Ben and I have starte three companies directly, created many new productse and services, run operating businessez at high levelsof scale, angel investec in 45 tech startups in the last five and served on a broad cross-sectiobn of company boards with some of the best entrepreneursz and investors in the industry. Through all we have worked closely together for15 years, and we coulde not be more excited to extend our partnership into venture capital.
The new firm will invest anywherfrom $50,000 to $50 million, Andreessen in consumer Internet, business Internet (cloude computing, "software as a service"), mobile softwarw and services, software-powered consumer infrastructure and applications networking, storage, databases, and other back-end systems. Most of the money will be investe d in startups inSilicon Valley, following in the VC traditiohn of wanting to be within a few minutes of the headquarterzs of the companies they invest in. “W do not think it is an accident that Google is inMountai View, Facebook is in Palo Alto, and Twitterf is in San Francisco.
We also think that ventured capital is a high touch activit y that lends itself togeographic proximity, and our only office will be in Silico n Valley,” Andreessen wrote on his He was also clea about what it won't investy in: "We are almost certainly not an appropriatde investor for any of the following 'clean,' 'green,' energy, life sciences (biotech, drug design, medicalp devices), nanotech, movie production companies, consume r retail, electric cars, rocket ships, spacer elevators.
We do not have the firstr clue about any of these Andreessen said he will continue as chairman of a social networking software companyhe co-founded, , as well as remaimn on the board at and (NASDAQ:EBAY). Horowitz is vice presidenty and general manager of businessx technology optimization for softwareat .