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Netscape Founder Launches New VC Company

Credit: VentureBeat

(Image credit: VentureBeat)

Andreessen said yesterday in a blog post that the new firm, aptly named Andreessen Horowitz, will launch with a starting capital of $300 million and is aimed at helping out start ups in the technology industry.

Marc Andreessen founded Netscape back in the early 90s and at 23 became a millionaire practically overnight. Now Andreessen and his partner want to offer others the same chance and are ready to invest between $50 thousand and $50 million in a company, depending on the stage and the opportunity. They plan on investing in brand new startups with seed-stage investments as well as in venture stage and late stage rounds of high-growth companies.

That said; just because they’re willing to invest in companies of all shapes and sizes, don’t think you’re a shoe in. Here is a brief summary the must haves you should tick off before you think of approaching Andreessen Horowitz:

  • Above all else, we are looking for the brilliant and motivated entrepreneur or entrepreneurial team with a clear vision of what they want to build and how they will create or attack a big market.
  • We are hugely in favor of the technical founder.
  • We are hugely in favor of the founder who intends to be CEO.
  • We believe that the product is the heart of any technology company. The company gets built around the product. Therefore, we believe it is critical that we as investors understand the product.
  • Here are some of the areas we consider within our investment domain today: consumer Internet, business Internet (cloud computing, "software as a service"), mobile software and services, software-powered consumer electronics, infrastructure and applications software, networking, storage, databases, and other back-end systems.
  • We are almost certainly not an appropriate investor for any of the following domains: "clean", "green", energy, transportation, life sciences (biotech, drug design, medical devices), nanotech, movie production companies, consumer retail, electric cars, rocket ships, space elevators.
  • We are primarily but not entirely focused on investing in Silicon Valley firms. We do not think it is an accident that Google is in Mountain View, Facebook is in Palo Alto, and Twitter is in San Francisco.

Check out Andreessen's blog post announcing the move by clicking here.

  • FUtomNOreg
    Creepy looking photo. Next headline: Another Andreessen Startup folds.
  • cyberkuberiah
    ^+1 for the creepy smiling guys ... as if a criminal profile .
  • lifelesspoet
    +1 for doing a photo bomb in a portrait....wait, is that the same guy?
  • This guy had a golden opportunity at the time. It is sad to see him came to this. I think Netscape is the third largest mismanagement of all time in computer industry (first is IBM, second is Borland).
  • hellwig
    Whats the cost of living in Silicon Valley? Seems to me like I'd need some venture capital just to move out there, much less start a new business.
  • p05esto
    He should have taken his money and just lived a nice, happy life with his family. These people just keep striving after the wind thinking they are something special. You are not. This will fail like "Loud Cloud".
  • p05esto
    And how stupid to think that being in Silicon Valley is somehow magical. Twitter is a black eye on the valley, lol. I think it's more like these companies simply moved there to be closer to the other tech companies they often do business with.
  • matt2k
    hmm, why no love for space elevators or rocket ships?
  • strandwolf
    FaceBook is a ripoff and Twitter will never make money.