eBay Brings Marc Andreesen On Board

Posted Sep 30, 2008

[image credit: About Ning]

Marc Andreesen has joined the eBay Inc. (NASDAQ:EBAY) board of directors starting immediately.  Marc is also signed up on the board of Facebook and is an investor in Digg, Plazes, Netvibes, Qik, LinkedIn, Revision3, and Twitter.  Marc is also a co-founder of Ning and accumulated most of his wealth from his involvement with the starting of Netscape Communications Corp. 

Netscape was acquired by AOL for $4.2 billion and another one of Marc’s companies (Opsware) sold to H-P for $1.6 billion.  Marc has a lot of experience with growing and selling businesses.  Perhaps he will be able to bring his wealth of knowledge to eBay.

“Marc is a true visionary whose experience will be invaluable to eBay,” stated John Donahoe, president CEO of eBay. “We look forward to learning from Marc’s insights and expertise as we drive further innovation on our platform, invest in growth opportunities and develop technology that will further benefit our customers, build powerful communities and enhance e-commerce.”

Ning currently hosts about 480,000 social networks on it’s platform.  Ning’s current valuation is about $1 billion based on the $104 million venture capital investment.