Tag Archives: Ben Horowitz
Group Of Investors Considering Bidding On Skype
Several investors are considering making a bid on Skype, the voice-over-IP service owned by eBay. eBay bought out Skype for about $4.1 billion in September 2005 but failed to find a real way to integrate the service into their system.
Some of the investors considering making a bid includes Andreesen Horowitz and Index Ventures. Index Ventures was one of the early investors in Skype. There is also rumored to be another multi-billion dollar private equity company involved according to TechCrunch.
At one point eBay was considering having Skype have their own IPO. It is unclear whether the current Skype CEO Josh Silverman will still be involved if an acquisition does take place. While Silverman was running Skype, the company grew to $551 million in revenue this year. By 2011, eBay expects Skype to hit about $1 billion in revenues.
Niklas Zennström and Janus Friis both started Skype together shortly after KaZaa. If Skype gets acquired, then the private equity companies and investors would probably work towards an IPO.
Andreessen Horowitz Fund Officially Launches
Last month Marc Andreessen and Ben Horowitz have been able to raise $300 million in funding for their new venture capital firm called Andreessen Horowitz. Yesterday Marc announced the launch of the VC firm on his personal blog.
The VC firm will have the ability to invest between $50,000 and $50 million in a company depending on the stage and opportunity. The firm plans to aggressively invest in startups that will often times involve thousands of dollars. Ben and Marc will be General Partners in the firm starting out. In investments that involve $5 million or more, Ben or Marc will most likely join the Board of Directors.
Marc and Ben believe that the CEO of a company should be one of the founders. The firm also believes that the product should be the heart of any technology company. Most companies get built around the product. The firm will focus on investments centered around consumer Internet, business Internet, mobile software, application software, networking, storage, etc. The company will unlikely be involved in green and clean tech, space elevators, electric cars, or movie production studios.
Categories Andreessen Horowitz, Ben Horowitz, Marc Andreessen
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Marc Andreessen and Ben Horowitz Venture Fund Raises $300 Million
[Horowitz: left, Andreessen: right]
Back in April it was rumored that Marc Andreessen and Ben Horowitz was seeking $250 million for an early stage fund. It turns out that the two have raised a bit more than that: $300 million. Andreesen and Horowitz started a company together called OpsWare which sold to HP for $1.6 billion. Before that Andreessen and Horowitz worked at AOL together.
The fund was nicknamed Project A, but now it is called Andreessen-Horowitz. The fund was built through the support of several major institutional investors along with several universities. Some of them have invested as high as $20 million each while others have put in $1 million or less.
Andreessen started Netscape and serves on the board for Facebook and eBay. Andreessen is an adviser in Twitter and an angel investor in Facebook, Digg, and LinkedIn. Both Andreessen and Horowitz invested in Qik together.
[via AllThingsD]
Categories Ben Horowitz, Marc Andreessen
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Marc Andreessen and Ben Horowitz Seeking $250 Million For Early Stage Fund
[Horowitz] [Andreessen]
Marc Andreessen started a company back in 1999 with Ben Horowitz. Andreessen was the Chairman and Horowitz was the CEO of the company. HP bought the company out for $1.6 billion. Andreessen started the company about a year after AOL spent $4.2 billion on Netscape, another company he founded.
Andreessen and Horowitz worked together at Netscape before starting Opsware. Lately Andreessen and Horowitz have been investing actively in businesses together which is good practice for their fund. This past August the both of them invested in live online streaming video company Qik.
According to a report at PEHub, the both of them are planning to launch an early stage venture capital fund. The opening fund is expected to be around $250 million because that is what the two are shopping around for. Initial investments would be around $500,000. This is five times the amount that Horowitz and Andreessen normally invest out of their own pockets.
It is uncertain whether they will be able to raise that sort of investment for their venture capital company in this type of economy, but between the two they have an impressive track record so you never know.
Categories Ben Horowitz, Marc Andreessen
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