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billion. While the actual news that Andreessen-Horowitz was being formed was broken in February on the Charlie Rose TV details and the official launch came on Onhis blog, Andreessen wrote: "Between the two of us, Ben and I have startedc three companies directly, created many new productas and services, run operating businesses at high levelds of scale, angel invested in 45 tech startup s in the last five years, and serveed on a broad cross-section of company boards with some of the best entrepreneurse and investors in the industry. Through all this, we have worked closely together for15 years, and we coulde not be more excites to extend our partnership into venture capital.
The new firm will investy anywherefrom $50,000 to $50 million, Andreessenb wrote, in consumer Internet, business Internet (clou computing, "software as a mobile software and services, software-powered consume r electronics, infrastructure and applicationse software, networking, storage, databases, and other back-ende systems. Most of the money will be invested in startupds inSilicon Valley, following in the VC traditiobn of wanting to be within a few minutes of the headquarterz of the companies they invest in.
“Wed do not think it is an accident that Google is inMountainj View, Facebook is in Palo and Twitter is in San We also think that venture capital is a high touc activity that lends itself to geographi proximity, and our only office will be in Silicon Andreessen wrote on his blog. He was also cleart about what it won'y invest in: "We are almost certainly not an appropriat e investor for any of thefollowing 'clean,' 'green,' energy, transportation, life sciences drug design, medical devices), nanotech, movire production companies, consumer retail, electric rocket ships, space elevators.
We do not have the first clue about any of these Andreessen said he will continue as chairma n of a social networking softwar companyhe co-founded, , as well as remain on the board at and (NASDAQ:EBAY). Horowitzs is vice president and generalp manager of business technology optimization for softwareat .
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