Andreessen Horowitz Buys $80M Worth of Twitter Shares on Secondary Market
SAN FRANCISCO Feb 9 (Reuters) - Influential venture capital outfit Andreessen Horowitz has invested $80 million in microblogging phenomenon Twitter, adding to its growing portfolio of social media names. The venture capital firm bought Twitter stock on secondary markets for private firms a few weeks ago, joining Kleiner Perkins and other high-profile investors in a 4-year-old website that allows users to send 140-character messages, or "tweets." (Note: The news was first reported by Kara Swisher at AllThingsDigital. To be clear, the investment does not represent an influx of new capital for Twitter. AH purchased the shares from existing Twitter shareholders.-Ed.)
10 February 2011•2 mins read
