Marc Andreessen starts $300M VC fund - Dallas Business Journal:

http://johnmcmullen.com/wjddiet.html
billion. While the actual news that Andreessen-Horowitz was beingt formed was broken in February on the Charlis RoseTV show, details and the officialp launch came on Monday. On his blog, Andreessenh wrote: "Between the two of us, Ben and I have startedc threecompanies directly, createdc many new products and services, run operating businesses at high levelsw of scale, angel invested in 45 tech startupa in the last five years, and servedx on a broad cross-section of company boards with some of the best entrepreneura and investors in the industry.
Througjh all this, we have workedf closely together for15 years, and we coulrd not be more excited to extend our partnershio into venture capital. The new firm will investg anywherefrom $50,000 to $50 million, Andreesseb wrote, in consumer Internet, business Internet (cloud computing, "softward as a service"), mobile software and services, software-powere d consumer electronics, infrastructure and applications networking, storage, databases, and othert back-end systems. Most of the money will be investesd in startups inSilicon Valley, following in the VC tradition of wanting to be withimn a few minutes of the headquarters of the companiez they invest in.
“We do not think it is an accident that Google is inMountainj View, Facebook is in Palo and Twitter is in San Francisco. We also thinko that venture capital is a high touch activity that lend itself togeographic proximity, and our only office will be in Siliconb Valley,” Andreessen wrote on his blog. He was also clear abou what it won't invest in: "Wse are almost certainly not an appropriat e investor for any of thefollowinvg domains: 'clean,' 'green,' energy, transportation, life sciences (biotech, drug design, medical nanotech, movie production companies, consumer retail, electri cars, rocket ships, space elevators.
We do not have the firsy clue about any of these Andreessen said he will continu e as chairman of a social networking software companyhe , as well as remain on the boarde at and (NASDAQ:EBAY). Horowitz is vice president and generapl manager of business technology optimization for softwareat .