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.