Report: Marc Andreessen and Ben Horowitz raise $300M venture fund

June 12, 2009 | Anthony Ha | Comments |
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Well-known angel investing partners Marc Andreessen (pictured) and Ben Horowitz have finished raising money for what has become a $300 million venture fund, according to an article in BoomTown that cites “numerous sources close to the situation.”

Andreessen, who co-founded Netscape and build-your-own-social-network startup Ning, first announced the fund in an interview on the Charlie Rose Show. At the time, he didn’t reveal the total size of the fund, but Andreessen said the goal is to “preserve and extend” the model he has been using for his angel investing with Horowitz, a former Opsware executive. The investments will range from $200,000 to $1 million, with $500,000 as “typical” — so we’re still talking about young, probably web-focused companies.

Andreessen’s angel investments include the impressive lineup of Facebook, Digg, Twitter, and LinkedIn. Backers for the fund include “institutional investors” (such as universities) and “a spate of Silicon Valley luminaries,” BoomTown says, and it has been given the rather unimaginative name of Andreessen Horowitz.

I’ve emailed Andreessen for confirmation but haven’t heard back yet.

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About the Author, Anthony Ha

Anthony is VentureBeat's assistant editor, as well as its reporter on enterprise technology, cloud computing, and tech policy. Before joining VentureBeat in 2008, Anthony worked at the Hollister Free Lance, where he won awards from the California Newspaper Publishers Association for breaking news coverage and writing. He attended Stanford University and now lives in San Francisco. Reach him at anthony@venturebeat.com. You can also follow Anthony on Twitter.

  • I'd like to see more successful angel/entrepreneurs start formal VC funds - I think they can give the current top-quartile funds a real challenge.
  • I agree that funds that provide real help, rather than investment management, are the way to go in the future. It says a great deal that he was able to raise a fund at a time when the VC asset class is under significant scrutiny by institutional investors. I do worry a bit that without a large number of investing partners he will either fall into the trap of having to invest in companies that need lots of money (the current VC trap) or have a portfolio of 80+ companies to monitor and provide value to. My guess is that he will try to do the second, not the first and he is gong to be one very busy and popular person in SV.
  • Hopefully all the social media site will be improved on its quality.
  • Andreessen and Horowitz have made numerous investments as well to the list you mentioned. http://www.crunchbase.com/person/marc-andreessen
  • PG
    $500,000 "typical" investment from a $300m fund? Is he going to do 600 deals?

    Might work if he does lots of seeds and puts real $ behind a select few that emerge with real potential.
  • temenan ta iku???


    nice jobb bro
  • Pete Wiznek
    more of the same ol' thing...nothing revolutionary here
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