Tag Archives: Marc Andreessen
Marc Andreessen: If We’re In A Bubble, It Is The Weirdest One
Marc Andreessen was interviewed at the Wired Business Conference today. When asked about whether we are in a tech bubble, Andreessen said “If we’re in a bubble, it’s the weirdest bubble I’ve ever seen where everyone hates everything. If you check tech stocks that went public recently, it’s nose down to the ground. We’re now 15 years of flat stock market returns. That’s a weird bubble.” Tech companies like Pandora, Demand Media, and Groupon have seen their stock prices plunge since going public unlike the times when we actually were in a tech bubble during the dot-com bubble between 1995 and 2000.
Categories Marc Andreessen
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Instagram CEO Kevin Systrom Started The Facebook Negotiations By Asking For $2 Billion
When Facebook acquired Instagram for $1 billion, people were questioning whether the large social networking company got ripped off because Instagram was not making any money. However this deal turned out to be a bargain because Instagram CEO Kevin Systrom started off by asking for $2 billion. Facebook CEO Mark Zuckerberg conducted the negotiations at his $7 million home in Palo Alto. There were no bankers or lawyers there to help with the deal. Just two startup CEOs.
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Categories Facebook, Instagram, Kevin Systrom, Marc Andreessen, Mark Zuckerberg
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Grafitti Artist David Choe May Make $200 Million When Facebook Goes Public
Grafitti artist David Choe took Facebook stock instead of cash for painting the walls at the company’s first headquarters. That was a great move because his stock may be worth $200 million when the company goes public later this year. Facebook announced a $5 billion public offering on Wednesday afternoon that would value the company at between $75-$100 billion.
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Andreessen Horowitz Raises $1.5 Billion
Andreessen Horowitz, the venture capital company run by Marc Andreessen and Ben Horowitz has raised $1.5 billion. Ben Horowitz confirmed the investment on his blog today. The company has raised a total of $2.7 billion thus far.
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Categories Andreessen Horowitz, Ben Horowitz, Marc Andreessen
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Sarah Lacy’s PandoDaily Raises $2.5 Million
Sarah Lacy is the author of “Once You’re Lucky, Twice You’re Good” and a columnist at BusinessWeek. Michael Arrington hired her to write for TechCrunch.com, but she quit shortly after the technology blog was acquired by AOL. Today it was announced that Lacy has started a new website called PandoDaily and it is backed with $2.5 million in funding. PandoDaily is a daily technology news blog and it will focus on the startup community. The website name was inspired by a colony of trees in Utah called Pando Trees.
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Google, Twitter, Yahoo!, and Other Tech Company Execs Sign Petition Against SOPA
Stop Online Piracy Act is a bill that was introduced in the U.S. House of Representatives in October 2011 by Lamar Smith (R-TX). This Act would allow the Department of Justice and copyright holders to seek court orders against websites accused of copyright infringement that would prevent online ad networks and payment facilitators from doing business with those websites. Opponents in this bill believe that this is Internet censorship. Google co-founder Sergey Brin, Twitter co-founder Jack Dorsey, PayPal co-founder Elon Musk, and Yahoo! co-founder Jerry Yang oppose the bill. Their letter will appear as a paid ad in The New York Times, The Washington Post, and other newspapers.
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Andreessen Horowitz Preparing To Raise $900 Million
Andreessen Horowitz is preparing to raise $900 million for their newest fund, known as Fund III. The company’s first fund was worth about $300 million. The company used that funding to put money into Skype and Fusion.io. In late 2010, Andreessen Horowitz raised $650 million for Fund II. They used this fund to invest in Airbnb, Twitter, Facebook, and Zynga. Now the company is preparing to raise $900 million, which means that the company will have $2.15 billion in assets to distribute to companies. Andreesen Horowitz has invested in about 70 companies. The new fund will be used to make investments from between $10,000 to $100 million. [Uncrunched]
Categories Andreessen Horowitz, Ben Horowitz, Marc Andreessen
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Glam Acquires Ning For Around $200 Million
Glam Media is a company that is considered a social content platform for websites that focuses primarily on women’s interests. Glam will be acquiring Ning.com, a website that allows you to easily create your own social network. Ning.com was co-founded by Silicon Valley Internet tycoon Marc Andreessen. The price is rumored to be about $200 million in cash, stock, or some combination. It is believed that Glam Media is going public soon so Ning is likely to have received a substantial amount of shares.
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Categories Glam Media, Marc Andreessen, Ning
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GoodData Raises $15 Million Funding Round Led By Andreessen Horowitz
GoodData is a cloud-based company that focuses on business intelligence. GoodData has raised $15 million in a funding round led by Andreessen Horowitz. Andreessen Horowitz general partner John O’Farrell will be joining GoodData’s board of directors. Google’s president of Enterprise Dave Girouard is also joining the board of directors although Google did not invest.
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Rumor: Ning Being Shopped Around For $150 Million
Ning has recently been shopping around themselves for roughly $150 million according to sources with AllThingsD. Ning, co-founded by Marc Andreessen, gave a pitch to Google, Groupon, and several private equity companies.
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