Marc Andreessen Posts

eBay Inc (EBAY) rejects Icahn’s nominees for board of directors

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eBay Inc (NASDAQ:EBAY) is in the midst of a major disagreement with billion activist investor Carl Icahn. One of the latest blows to Icahn in the disagreement is that eBay rejected his two nominees for the board of directors and decided to renominate every director up for re-election this year. Icahn published a criticism of eBay CEO John Donahoe in a letter to shareholders. Icahn said that the sale of Skype was mishandled and costed the shareholders $4 billion.
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eBay Inc (EBAY) gets accused of conflict of interest by Icahn

Carl Icahn
eBay Inc (NASDAQ:EBAY) is being accused of conflict of interest by billionaire activist investor Carl Icahn. Icahn accused eBay CEO John Donahoe of failing to spot or ignoring conflicts of interest on the company’s board of directors.
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Marc Andreessen claims that Snapchat could become a $100 billion company

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Snapchat reportedly turned down a $3 billion offer from Facebook and raised funding instead. Why did Snapchat turned down the offer? Snapchat is hoping to turn into a more valuable company and believes that they have not peaked yet.

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Andreessen Horowitz Sells One-Third Of Their Facebook Inc (FB) Shares

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One of the investors in Facebook Inc (NASDAQ:FB) has sold a large chunk of their shares.  Andreessen Horowitz has cashed in on their relatively early investment in Facebook by selling one-third of their ownership in the company that range at between $49 to over $50 per share.

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AngelList Raises $24 Million

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According to Fortune, AngelList has raised $24 million in funding with a $150 million valuation.  Atlas Venture and Google Ventures led this round of funding.  The funding included participation from over 100 other individuals and institutions.  Other investors involved in this round include Kleiner Perkins, Draper Fisher, Marc Andreessen, Max Levchin, and Ev Williams.

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Shareholders At HP Meeting Today Is Calling For Vote Against Board Members

Hewlett-Packard is meeting with shareholders today in Mountain View, California.  While the proceedings are expected to be routine, Meg Whitman will be making a presentation to reiterate her plan to turn around the company in 2013 and 2014.  However several shareholders are seeking to have HP’s management changed around according to AllThingsD.

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AppNexus Raises $75 Million In Series D

AppNexus is a company that has a real-time bidding platform that has raised $75 million in funding.  The Series D round of funding was led by Technology Crossover Ventures.  Investors that participated in this round include Venrock and Tribeca Venture Partners.  AppNexus has raised a total of $140.5 million. 

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Marc Andreessen Selling $54.1 Million In Facebook Stock To Pay Tax Bill

Marc Andreessen, the co-founder of the VC firm Andreessen Horowitz, is also a major shareholder and board member at Facebook.  He has disclosed in an SEC filing that he has sold over 2.3 million shares of Facebook at prices that range from $22.85 to $23.83 per share.  This adds up to around $54.1 million.

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