Software is eating the world, and Andreessen Horowitz is fueling its appetite

Venture capitalist Ben Horowitz shares tales from his career as a founder, CEO, and investor.

Money Magnet: Enterprise app platform that got $35.4M from HTC actually closed $47M in funding

Magnet Systems didn't just win over the financial backing of Taiwanese smartphone maker HTC, it actually scored more than $47 million in new funding with help from existing investor Andreessen Horowitz. That's one money magnet.

Andreessen Horowitz dumped Groupon shares for $14M gain

It wasn't the sweetest deal ever had, but Silicon Valley investment firm Andreessen Horowitz made nearly $14 million in profit by disposing of its stake in Groupon in June.

Fuss around Facebook and App.net put Marc Andreessen in a pickle

A controversial open letter directed at Facebook CEO Mark Zuckerberg left another Marc (Andreessen) in quite the pickle yesterday.

Open-source Meteor takes a huge $11.2M first round; will Andreessen Horowitz get the cash back?

Meteor Development Group has pulled in $11.2 million in funding to make building client-side web apps super easy and super fast. This is the group’s first institutional funding round, and it’s a rather large one at that.

Meteor is open-sourced …

Funding Daily: It’s like the San Diego firework fiasco of investment

All the news that lay dormant surrounding the July 4th holiday exploded all at once today in the funding world. Sometime amidst the barbecuing and pool parties, major deals were struck involving massive amounts of money. The biggest story, juicier …

Why GitHub abandoned the bootstrapper’s ship for a $100M Series A

After half a decade of preaching about the virtues of bootstrapping, the GitHub founders are finally getting in bed with a major VC firm to the tune of $100 million — that’s $1 million per employee at the still-small startup.…

Mystery enterprise security startup Bluebox gets $9.5M from Andreessen Horowitz

Still in stealth mode, enterprise security startup Bluebox is keeping all the most juicy details of its business close to its chest. But we do know that the startup is compelling enough that it’s attracted a $9.5 million first funding …

Fanatics shows its team spirit with $150M investment

Sports-centered e-commerce site Fanatics, owned by Kynetic, grabbed the attention of Silicon Valley venture capital firms Andreessen Horowitz and Insight Venture Partners to raise a $150 million round of funding at a $1.5 billion.

Fanatics also acquired sports e-commerce company …

Dylan’s Desk: On eve of Facebook IPO, Silicon Valley’s gap with the rest of America widens

People often say Silicon Valley is not like the rest of the world. We’re more tolerant of failure, embrace risk-taking more eagerly, get more enthusiastic about technical solutions, and have a huge, deep pool of engineering and marketing talent to …

Andreessen Horowitz bets big on Belly, an offbeat consumer-loyalty startup

What started as a quirky loyalty program at one Chicago comic hideaway has spread to 1,400 locations in nine months, and can now count on the loyalty of one of Silicon Valley’s hottest venture capital firms.

Belly, a digital loyalty …

Foursquare forges ahead with ad platform as biz dev exec exits

As check-in champion Foursquare prepares to make a run at making money, the startup’s vice president of business development, Tristan Walker, has checked out.

Walker, who holds an MBA from Stanford and was once an intern at Twitter, announced his …

Andreessen-Horowitz partners say they’ll give half of their profits to charity

Following the example set by philanthropists like Warren Buffett and Bill Gates, the venture capitalists at Andreessen Horowitz have made a joint pledge to donate at least half of their substantial incomes to charity.

The firm’s six general partners all …

Hot shot VC firm Andreessen Horowitz says it has nearly returned its first fund

Critics made a lot of hay over Andreessen Horowitz’s decision not to re-invest in Instagram. As our own Dylan Tweney pointed out, this made a $78 million win seem like a big mistake.

Andreessen Horowitz defended itself, saying that it …

More details emerge on how Andreessen Horowitz lost $100M on principle

As I reported early last week, Andreessen Horowitz declined the chance to invest in Instagram’s first institutional round after placing a seed-round bet on the company. After we covered that story, the New York Times and many other outlets picked …

Dylan’s Desk: When a $100M return on investment looks like a big mistake

Andreessen Horowitz realized a terrific return on its investment in Instagram, turning $500,000 into an estimated $100 million in about two years.

I’ve never made $100 million, let alone had $500,000 to invest, so I decided to turn that into …

Venture capital fundraising falls 35 percent in Q1

Venture capital funds raised $4.9 billion in the first quarter of 2012, down 35 percent from a year ago, according to Thomson Reuters and the National Venture Capital Association.

The trade group said 42 firms raised the money, down 9 …

Pinterest co-founder Sciarra joins venture firm Andreessen Horowitz

Pinterest has finally confirmed co-founder Paul Sciarra (pictured, left) has left the company.

He’ll be serving as entrepreneur-in-residence at Andreessen Horowitz, one of the more important venture capital firms in Silicon Valley.

“Of course, I’ll continue to be there for …

Skout hooks up with Andreessen Horowitz, raises $22M for mobile flirting app

The makers of web and mobile applications for location-based flirting have landed a local conquest of their own.

Five year-old Skout has raised $22 million in funding from esteemed venture capital firm Andreessen Horowitz.

“[Skout] is really helping people to …