New VC opens a $ 300 million tech fund

Internet entrepreneurs Marc Andreessen and Ben Horowitz have united in Andreessen Horowitz and are opening a new fund of no less than 300 million dollars. The fund, which focuses on products and companies in the technology sector. does not only invest in early stage companies. E larger amounts will also be invested

Internet entrepreneurs Marc Andreessen and Ben Horowitz have united in Andreessen Horowitz and are opening a new fund of no less than 300 million dollars.

The fund, which focuses on products and companies in the technology sector. does not only invest in early stage companies. E larger amounts will also be invested. Depending on the phase in which a company is located, between 50, 000 and 50 million will be invested.

The $ 300 million raised in these economic times is almost due to the history that the two men have built up in this area.

The two internet entrepreneurs have already invested in 45 tech start-ups in the past 5 years, including LinkedIn, Delicious and Twitter. Horowitz was the co-founder of Opsware and later sold it to HP. So it is not unknown with entrepreneurship, the third company of Andreessen was Ning, the two men have their own view on investments.

Board

For example, Andreessen and Horowitz will only be on the board of a company when 5 million or more is invested, except for exceptions. In general, the entrepreneurs will not take a seat on a start-up.

The pair will focus on consumer internet, business internet (such as cloud computing, saas), mobile software, databases and more. Where many funds look at developments in the energy sector, this fund leaves that 'almost certainly', just like transport, biotech or nanotech. For the simple reason that they have 'no idea' of these topics.

It is striking that there is no website for Andreessen Horowitz. Interested entrepreneurs will therefore have to come into contact with the investors in a different way.

Source photo: Odalaigh (CC)