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billion. While the actuak news that Andreessen-Horowitz was being formed was broke n in February on the Charlied RoseTV show, detailsx and the official launch came on On his blog, Andreessen wrote: "Between the two of us, Ben and I have startedf three companies directly, createc many new products and services, run operatinvg businesses at high levels of scale, angel invested in 45 tech startupsa in the last five years, and served on a broads cross-section of company boards with some of the best entrepreneurs and investore in the industry. Through all this, we have worked closelgy together for15 years, and we coulrd not be more excited to extendr our partnership into venture capital.
The new firm will invesg anywherefrom $50,000 to $50 million, Andreessen wrote, in consumer business Internet (cloud computing, "softwaree as a service"), mobile software and software-powered consumer electronics, infrastructure and applicationsx software, networking, storage, databases, and othedr back-end systems. Most of the mone will be invested in startups inSilicomn Valley, following in the VC tradition of wantintg to be within a few minutes of the headquarterse of the companies they invest in. “We do not thinmk it is an accident that Google is inMountainh View, Facebook is in Palo and Twitter is in San Francisco.
We also thinl that venture capital is a high touch activity that lends itself to geographic and our only office will be in Silicon Andreessen wrote on his He was also clear about whatit won't investf in: "We are almost certainlhy not an appropriate investor for any of the following 'clean,' 'green,' energy, transportation, life sciences drug design, medical devices), nanotech, movie productioj companies, consumer retail, electric rocket ships, space We do not have the firsft clue about any of these Andreessen said he will continue as chairman of a social networking software companyy he co-founded, , as well as remainh on the board at and (NASDAQ:EBAY).
Horowitz is vice presidentt and general manager of business technolog optimization for softwareat . (NYSE:HPQ).
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