Tuesday, November 24, 2009, 8:08AM ET - U.S. Markets open in 1 hour and 22 minutes.
Marc Andreessen and long-time co-founder and co-angel investor Ben Horowitz have closed their new venture capital fund, and it’s a whopper: $300 million. Never mind the toughest fundraising environment in some 40 years thanks to the across-the-board financial meltdown, between them Andreessen and Horowitz have the rare accomplishment of having founded two companies to exit at more than $1 billion each, Netscape and Opsware. That, and they boast one of the hottest Web 2.0 angel portfolios in Silicon Valley with stakes in Twitter, LinkedIn, Facebook and Andreessen’s third startup, Ning.
We sat down with the normally-elusive Marc Andreessen to get more details on his move “to the dark side.” In this clip, he explains how just two guys will invest such a large fund, and he makes it clear that his good news isn’t shared industry-wide. Andreessen predicts hundreds of venture firms will be out of business in the next five to 10 years.
Hmmm. Both Marc Andreesen and Sarah Lacy looking well fed. Perhaps a well timed wieght loss investment looms
"When my people come to colonize this planet, you will be on the protected rolls, and no harm will come to you." LOL
Your are correct! Looks like my dream girl Sara Lacy has put on a few pounds. She still looks good though.
When are we going to bring back American Jobs to the United States ? Will the $ greed continue while Americans who want to work were laid off and their jobs shipped out.
They are just doing what everyone else, hopefully are doing. Preserve the capital you have and reevaluate your areas of risk.......If your a venture capitalist, you see pickings will be slime for awhile and you have enough cashflow to live comfortably right now then cloe-up shop and wait a few years......If you don't have enough cashflow to keep your venture fund going right now, then good luck..
300 M, them is small potatoes in this universe of investing. Sure netscape was a big success, but what happened to his other ventures? Nothing. I think this is the Peter Principle in action.
it is only a matter of time before all economical problem will go away then 300 M will seem to be a small potato--we tend to repeat the same things only in a larger scale.
Loose and easy credit made it possible for jackasses to throw other people's money at idiotic ideas, causing a gross mis-allocation of resources. That time has finally come to an end.
Put all the pressure points together around the world and ask,"Who is running the show?" It all seems that evil reigns. In the last 100 years, multiplied millions of human beings were slaughtered, even before World War 1. If there is no devil, we will have to invent one. Strange how world events are conforming to biblical predictions. Man is a sinner and needs a Saviour. Is the solution to burn all Bibles? Or, maybe it is to dust it off and read it?
"Yahoo! Finance User - Monday July 06, 2009 09:27AM EDT Obama has got to stop the spending with borrowed money if this economy is ever going to get better."--- what does this have to do with the article? please dont go on every tech ticker and post your out-of-scope opinions. they just waste my time--------- "whaleshipmoney - Monday July 06, 2009 09:31AM EDT Loose and easy credit made it possible for jackasses to throw other people's money at idiotic ideas, causing a gross mis-allocation of resources. That time has finally come to an end."--- sadly, i dont believe this is true (the fact that it has finally come to an end). people will forget all about this no more than 5 years down the road and go back to their old investing ways, whether or not theyre forms of investment. however, theres nothing wrong with angel/vc investing, since angels typically invest their own money and others investing in vc funds can only do so because they have enough money to throw around so they cant sustain the potential losses.
I see Gina is still schlepping....so much for being retired and raising kids on a beach in three years...blah blah
Wait until the derivative market collapses--all 600 trillion of it. Then everyone will have something to cry over!!
Sounds like a good thesis, investing in startup companies where the founder will stay on to be CEO long term. Studies at B school have found that companies led by founders consistently outperform the "professionally" managed companies on average. Also looking for companies where the founder wants to be the CEO helps prune out the companies built by "flippers" for a quick sale. Those companies built to be sold are generally shoddily constructed hollow shells from what I've seen...not unlike the tract homes built during the housing boom.
Greed is evil. It is NOT human nature. We've been worshipping the Golden Calf, and now it's time to face the consequences.
Hard to get on board with someone who was successful investing in tech during the easy easy credit tech bubble boom. Let's see how he does during the lean times.
Thank goodness he rarely does interviews.
Nice video clip. I don't know much about Marc Andreesen, but what I have seen here, I like. Pretty low key and underspoken for a brilliant businessman (based on past investments). Well spoken with a no nonsense business approach. Refreshing for this market. No wonder he was able to raise $300 Million.
Nutscrape sucked and AOL grossly overpaid and then killed it. If that's the kind of startups he'll be investing in, he should do well.
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gria - Monday July 06, 2009 05:55AM EDT
Hmmm. Both Marc Andreesen and Sarah Lacy looking well fed. Perhaps a well timed wieght loss investment looms