Netscape Founder Marc Andreessen Launches $300M VC Firm

Authored by Mark Hefflinger on July 8, 2009 - 7:20am.

Menlo Park, Calif. - Netscape co-founder Marc Andreessen and long-time business partner Ben Horowitz have raised $300 million to form a new Silicon Valley-based venture capital firm that plans to provide investments of $50,000-$50 million to technology start-ups.

The firm, called Andreessen Horowitz, builds on the pair's angel investing activity over the past five years, which includes investments in companies such as Aliph, ExtraHop, LinkedIn and Twitter.

New investments will support companies in various stages of development.

"We see venture investing as a company-specific exercise," said Horowitz. "Therefore, we are looking for the best entrepreneurs and companies regardless of stage."

Andreessen is best known as the co-author of Mosaic, the first widely used web browser that later was renamed Netscape Navigator. He also served as the CTO of AOL.

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