Andreessen Horowitz Seeks $650 Million for New Fund
When Andreessen Horowitz raised $300 million for its debut fund last year, I suggested that it was too much money. Actually, I said the original $250 million target was too large – particularly for a two-partner firm that said initial investment sizes would average around $500k. And my argument still makes sense to me. At least in theory. The reality, however, is that AH has already invested most of its stash -- including a giant check for the Skype carve-out -- and added staff. Moreover, Marc Andreessen has become even more influential in Silicon Valley, while Ben Horowitz has emerged from his famous partner’s shadow by penning one of the smartest VC blogs around. All of this adds up to AH becoming the hottest VC firm this side of Sequoia.
