Archive for the ‘Marc Andreessen’ Category

Grafitti Artist David Choe May Make $200 Million When Facebook Goes Public

Amit Chowdhry | February 2, 2012 | 439 views | Add a Comment
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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.

Andreessen Horowitz Raises $1.5 Billion

Amit Chowdhry | January 31, 2012 | 407 views | Add a Comment
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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.

Sarah Lacy’s PandoDaily Raises $2.5 Million

Amit Chowdhry | January 16, 2012 | 467 views | 1 Comment
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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.

Google, Twitter, Yahoo!, and Other Tech Company Execs Sign Petition Against SOPA

Amit Chowdhry | December 14, 2011 | 1,057 views | 2 Comments
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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.

Andreessen Horowitz Preparing To Raise $900 Million

Amit Chowdhry | October 27, 2011 | 388 views | Add a Comment
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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]

Glam Acquires Ning For Around $200 Million

Amit Chowdhry | September 20, 2011 | 555 views | 1 Comment
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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.

GoodData Raises $15 Million Funding Round Led By Andreessen Horowitz

Amit Chowdhry | August 19, 2011 | 469 views | Add a Comment
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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.

Rumor: Ning Being Shopped Around For $150 Million

Amit Chowdhry | August 3, 2011 | 356 views | Add a Comment
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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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