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Andreessen, Horowitz Close $300M Venture Fund

Marc Andreessen and Ben Horowitz announced this morning that the two have formed a new, $300M venture capital firm. According to the two--who have been active investors in at least 45 technology startups--the new fund will focus on Silicon Valley, and will invest between $50,000 and $50M in a company, depending on stage and opportunity. The firm said it will make both seed-stage investments, as well as venture-stage and late-stage rounds. Andreessen and Horowitz will be the only General Partners at the new venture firm, and said they would not be hiring any associates or other junior positions. In terms of investment area, the Andreessen said that the firm would invest in consumer Internet, business Internet (cloud computing, "software as a service"), mobile software and services, software-powered consumer electronics, infrastructure and applications software, networking, storage, databases, and other back-end systems. Andreessen was founder of Netscape, and subsequently has founded and co-invested in a number of firms, including Opsware and Ning; Horowitz was also at Netscape, AOL, and Opsware.


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