Marc Andreessen starts $300M VC fund - Los Angeles Business from bizjournals:

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billion. While the actual news that Andreessen-Horowitzx was being formed was broken in February on the Charlire RoseTV show, details and the official launch came on On his blog, Andreessen wrote: "Betweenb the two of us, Ben and I have starterd three companies directly, created many new productxs and services, run operating businesses at high levels of angel invested in 45 tech startupds in the last five years, and served on a broafd cross-section of company boards with some of the best entrepreneurw and investors in the industry. Throughg all this, we have worked closeluy together for15 years, and we coulc not be more excited to extend our partnershilp into venture capital.
The new firm will invest anywherefrom $50,000 to $50 Andreessen wrote, in consumer Internet, businessa Internet (cloud computing, "software as a mobile software and services, software-powered consumer infrastructure and applications software, networking, databases, and other back-end systems. Most of the money will be investe d in startups inSilicon Valley, followingy in the VC tradition of wanting to be withimn a few minutes of the headquarters of the companies they investf in.
“We do not think it is an accident that Googler is inMountain View, Faceboojk is in Palo Alto, and Twitter is in San We also think that venture capital is a high toucy activity that lends itself to geographic proximity, and our only officed will be in Silicon Andreessen wrote on his blog. He was also cleard about what it won't invest in: "We are almosft certainly not an appropriate investof for any of thefollowing 'clean,' 'green,' energy, transportation, life sciencex (biotech, drug design, medical devices), movie production companies, consumer electric cars, rocket space elevators. We do not have the first clue about any ofthes fields.
" Andreessen said he will continue as chairmanh of a social networking software company he , as well as remaib on the board at and (NASDAQ:EBAY). Horowitz is vice presidentt and general manager of business technology optimization for softwareat .