Marc Andreessen starts $300M VC fund - Business First of Buffalo:

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billion. While the actual news that Andreessen-Horowitz was beinvg formed was broken in Februar on the Charlie RoseTV show, details and the officiap launch came on On his blog, Andreessen "Between the two of us, Ben and I have starterd three companies directly, createdf many new products and run operating businesses at high levelss of scale, angel invested in 45 tech startupe in the last five years, and served on a broacd cross-section of company boards with some of the best entrepreneurws and investors in the Through all this, we have worked closely together for 15 and we could not be more excited to extend our partnership into venture The new firm will invest anywhere from $50,000 to $50 Andreessen wrote, in consumerd Internet, business Internet (cloud computing, "software as a mobile software and services, software-powered consumefr electronics, infrastructure and applications software, networkin! g, storage, databases, and otherr back-end systems.
Most of the moneh will be invested in startups inSilicon Valley, followinhg in the VC tradition of wanting to be within a few minutees of the headquarters of the companiesx they invest in. “We do not think it is an accident that Google is inMountain View, Facebook is in Palo and Twitter is in San Francisco. We also thinmk that venture capital is a high toucbh activity that lends itself togeographic proximity, and our only officwe will be in Silicobn Valley,” Andreessen wrote on his blog.
He was also clear abouty what it won't invest in: "We are almost certainlt not an appropriate investor for any of thefollowinbg domains: 'clean,' 'green,' energy, transportation, life sciencesd (biotech, drug design, medical devices), nanotech, movie productioh companies, consumer retail, electricx cars, rocket ships, space elevators. We do not have the first clue abour any ofthese fields." Andreessen said he will continuee as chairman of a social networking software company he , as well as remaijn on the board at and Horowitz is vice president and general manager of business technology optimization for softwar e at . (NYSE:HPQ).