Marc Andreessen and Ben Horowitz decided not to invest in Instagram, costing their fund an estimated $100M

Andreessen-Horowitz raises $1.5B for third fund in three years

Since it was founded in June of 2009 Andreessen-Horowitz has emerged as the hottest new name in venture funding. Part of the firm’s cache comes from its aggressive approach. Today’s announcement that Andreessen-Horowtiz has raised another $1.5 billion, which everyone knew was coming, will only increase that. Overall, this means Andreessen-Horowitz has $2.7 billion under management.

Andreessen-Horowitz brings enterprise pro Peter Levine on board

Enterprise pro Peter Levine, a former manager at Mayfield Fund that was a part of Citrix’s $500 million acquisition of XenSource, is joining the storied venture capital firm Andreessen-Horowitz to man its coverage of the enterprise sector.