Marc Andreessen Fund

Marc Andreessen Launches Venture Capital Fund

One of this weeks big stories is Marc Andreesen's new venture capital fund. He appeared in stories from Businessweek to the New York Times, all the kind of publicity a new fund would want and Mr. Andreessen deserves it. He got his start as a leading software engineer who co-authored the web browser Mosaic and co-founded Netscape Communications Corporation with Ben Horowitz. He then formed LoudCloud which was acquired by HP.

His latest success is the website Ning, which allows users to create their own social networks. He also had the good sense to invest in Twitter. Now, Andreessen and Horowitz are teaming up once again to launch a venture capital fund. The fund, eponymously named Andreessen Horowitz, officially launched July 6, 2009 with $300 million.

Andreessen has made his mark again and again, becoming well-known for having a great eye for "the next big thing." Not only does he have a stake in Twitter, he sits on the advisory board of Facebook and regularly consults with the CEO's at both firms. CNN Money adds that "He is co-founder and chairman of Ning, a service that lets people create their own niche social networks, like 50 Cent's ThisIs50.com. Ning, co-founded with CEO Gina Bianchini, adds 2.5 million members a month. Andreessen owns stakes in Digg, LinkedIn, and Will Ferrell's Funny or Die comedy site. He recently joined the board of eBay (EBAY, Fortune 500) to help that company turn around."

As Andreessen's new fund launches everyone is wondering whether his hot streak will last. Here is a video of Marc Andreessen talking on his new venture capital fund with Ben Horowitz

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