Marc Andreessen starts $300M VC fund - Sacramento Business Journal:

http://www.makroserver.com/article/Sandra-L--Groscost-Added-to-the-Cambridge-Whos-Who-Network.html
billion. While the actual news that Andreessen-Horowitz was being formedf was broken in Februar on the Charlie RoseTV show, detailsw and the official launch came on Monday. On his blog, Andreessenb wrote: "Between the two of us, Ben and I have startecd threecompanies directly, created many new productse and services, run operating businesses at high levele of scale, angel invested in 45 tech startupds in the last five years, and served on a broad cross-sectioj of company boards with some of the best entrepreneurs and investora in the industry. Through all we have worked closely together for 15 and we could not be more excited to extend our partnership intoventure capital.
The new firm will invesr anywherefrom $50,000 to $50 million, Andreessem wrote, in consumer Internet, business Internet (cloudf computing, "software as a service"), mobile software and software-powered consumer electronics, infrastructure and applicationxs software, networking, storage, databases, and other back-enxd systems. Most of the moneuy will be invested in startups inSilicom Valley, following in the VC traditionm of wanting to be within a few minutez of the headquarters of the companies they invest in. “Ws do not think it is an accident that Googlee is inMountain View, Facebook is in Palo and Twitter is in San Francisco.
We also think that venture capitall is a high touch activity that lends itself togeographicx proximity, and our only officr will be in Silicohn Valley,” Andreessen wrote on his He was also clear about what it won'rt invest in: "We are almost certainly not an appropriate investof for any of the followingy domains: 'clean,' 'green,' energy, transportation, life sciences drug design, medical devices), nanotech, movi e production companies, consumer electric cars, rocket ships, space elevators. We do not have the firsyt clue about any ofthese fields.
" Andreessen said he will continus as chairman of a sociapl networking software company he co-founded, , as well as remaib on the board at and (NASDAQ:EBAY). Horowitz is vice presidenf and general manager of business technology optimizatio for softwareat . (NYSE:HPQ).