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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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.
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.
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.
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.
Andreessen Horowitz has hired Chris Dixon as a full-time general partner. Chris Dixon, an employee at eBay, is an outspoken New Yorker and entrepreneur. He will be working out of Andreessen Horowitz’s offices in Menlo Park. Marc Andreessen, co-founder of Andreessen Horowitz, said that he was impressed by Mr. Dixon’s track record as an investor and entrepreneur. Mr. Dixon sold his company SiteAdvisor to McAfee and Hunch to eBay. Mr. Dixon also invested in companies like Kickstarter, Dropbox, GroupMe, and BuzzFeed. Mr. Dixon will remain as an advisor to the companies that he put money into.
The Fancy is a Pinterest rival that is known for curating style and fashion. Fancy has raised $26 million in funding and was rumored in August to be getting acquired by Apple. It sounds like the Apple acquisition will not be happening now that the company has raised a new round of funding.
Andreessen Horowitz has invested $15 million into RapGenius.com. RapGenius.com is a website that explains what the meaning of rap lyrics mean for all of the latest songs. Andreessen Horowitz partner Ben Horowitz is a rap fan. Rap Genius uses crowd-sourcing to find out the meaning of the lyrics and they were a Y Combinator company. Below is what Marc Andreessen had to say about the funding: