On Portfolio’s Potential, Andreessen Horowitz Prepares to Raise Second Fund
Despite few exits to date as either institutional or individual investors, Marc Andreessen and Ben Horowitz expect to raise their second venture fund later this year, according to The New York Times. Since closing its $300 million debut fund last June, Andreessen Horowitz has backed 24 companies and committed two-thirds of its capital, including $50 million used to acquire less than 5 percent of Skype last fall. (Andreessen Horowitz was part of a consortium led by Silver Lake Partners that bought a controlling interest in the Internet call carrier from eBay.) At the time of the acquisition, Andreessen told peHUB, "One of the big pieces of input we got when raising the fund was to be responsible, but not conservative. We want to calibrate risks against big opportunities, and we think is a very big opportunity."
