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billion. While the actual news that Andreessen-Horowitz was being formef was broken in February on the Charlie RoseTV show, details and the officiao launch came on On his blog, Andreessen wrote: "Between the two of us, Ben and I have startexd three companies directly, created many new products and run operating businesses at high levelsx of scale, angel invested in 45 tech startups in the last five and served on a broad cross-section of companyu boards with some of the best entrepreneurs and investors in the industry.
Through all we have worked closely together for 15 and we could not be more excitec to extend our partnership into venture The new firm will invesr anywherefrom $50,000 to $50 million, Andreessen in consumer Internet, business Interne (cloud computing, "software as a mobile software and services, software-powerefd consumer electronics, infrastructure and applications networking, storage, databases, and other back-end systems. Most of the moneuy will be invested in startups in Silicon following in the VC tradition of wanting to be withinh a few minutes of the headquarters of the companiees theyinvest in.
“We do not think it is an accideng that Google is inMountaihn View, Facebook is in Palo Alto, and Twitter is in San We also think that venture capitalo is a high touch activity that lendd itself to geographic proximity, and our only office will be in Siliconj Valley,” Andreessen wrote on his He was also clear about what it won' t invest in: "We are almost certainlyy not an appropriate investor for any of the followingg domains: 'clean,' 'green,' energy, transportation, life sciences (biotech, drug medical devices), nanotech, movie productionb companies, consumer retail, electric cars, rocket ships, space We do not have the firsft clue about any of these Andreessen said he will continues as chairman of a social networking software companyg he co-founded, , as well as remain on the boardx at and (NASDAQ:EBAY).
Horowitz is vice presidenft and general manager of business technology optimizatio for softwareat . (NYSE:HPQ).
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