Marc Andreessen Forms Boutique VC Firm
Liz Christina says:
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Marc Andreessen and business partner Ben Horowitz launched a boutique VC fund Monday with an initial capitalization of $300 million that the pair intends to invest in “anything that involves chips and computers” at a clip of $50,000 to $50 million per startup.
The firm, Andreessen / Horowitz, makes a business of what has been a consuming private enterprise of the two, who have made angel investments all over Silicon Alley. While the money they have at their disposal now is considerably more than they had as lone private investors their approach will remain essentially the same, Andreessen and Horowitz told Wired at a recent briefing. That is to say, they they won’t invest in anything they don’t understand, period. This includes a lot of “cool stuff,” the eternally-boyish Andreessen explains, like clean and nano technology.
Read more at www.wired.com

