Pakistanis angry over detentions in Times Sq. case Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They
AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e
BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German
Minister seeks closure of anti-Berlusconi websites Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who
By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Home
Business
Business Home
Economy
Davos 2012
Technology
Media
Small Business
Legal
Deals
Earnings
Summits
Business Video
The Freeland File
Markets
Markets Home
U.S. Markets
European Markets
Asian Markets
Global Market Data
Indices
M&A
Stocks
Bonds
Currencies
Commodities
Futures
Funds
peHUB
World
World Home
U.S.
Brazil
China
Euro Zone
Japan
Mexico
Russia
India Insight
World Video
Reuters Investigates
Decoder
Politics
Politics Home
Election 2012
Issues 2012
Candidates 2012
Tales from the Trail
Political Punchlines
Supreme Court
Politics Video
Tech
Technology Home
MediaFile
Science
Tech Video
Tech Tonic
Opinion
Opinion Home
Chrystia Freeland
John Lloyd
Felix Salmon
Jack Shafer
David Rohde
Bernd Debusmann
Nader Mousavizadeh
Lucy P. Marcus
David Cay Johnston
Bethany McLean
Edward Hadas
Hugo Dixon
Ian Bremmer
Mohamed El-Erian
Lawrence Summers
Susan Glasser
The Great Debate
Steven Brill
Geraldine Fabrikant
Jack & Suzy Welch
Breakingviews
Equities
Credit
Private Equity
M&A
Macro & Markets
Politics
Breakingviews Video
Money
Money Home
Tax Break
Global Investing
MuniLand
Unstructured Finance
Linda Stern
Mark Miller
John Wasik
James Saft
Analyst Research
Alerts
Watchlist
Portfolio
Stock Screener
Fund Screener
Personal Finance Video
Money Clip
Investing 201
Life
Health
Sports
Arts
Faithworld
Business Traveler
Entertainment
Oddly Enough
Lifestyle Video
Pictures
Pictures Home
Reuters Photographers
Full Focus
Video
Reuters TV
Reuters News
Article
Comments (0)
Editor's Choice
Trying to read between the lines of the Fed rate message
Euro zone banks may double emergency loans from ECB: report
Fed's Plosser wanted more optimistic outlook
Boko Haram - between rebellion and jihad
Insight: From darkest India, an enlightened leader
Global "great power politics" returns to Mideast
FDA doctors, scientists claim illegal surveillance
Job creation in Davos
Video: Inside Syria's escalating violence
Slideshow: Lost pets of Fukushima
Follow Reuters
Facebook
Twitter
RSS
YouTube
Read
Home prices drop, consumers turn gloomier
3:01pm EST
'X Factor' Shakeup an Admission of Failure; Enter Mariah?
11:32am EST
Italian authorities end search for cruise ship bodies
|
12:38pm EST
It's "Ex-Factor" for Abdul, Scherzinger, Jones
3:57pm EST
Stephen Colbert's Super PAC raises $1 million
10:16am EST
Discussed
141
U.S. outrage as Egypt bars Americans from leaving
77
U.S. raid frees two pirate hostages in Somalia
67
Gingrich, Romney play for cheers in Florida debate
Watched
Iran sends toy drone to Obama
Sun, Jan 29 2012
Boy's foetus twin shock
12:14am EST
Iran threatens action against U.S.
Mon, Jan 30 2012
Andreessen Horowitz raises $1.5 billion fund
Tweet
Share this
Email
Print
Analysis & Opinion
How to avoid the insider trading net
Udacity’s model
Related Topics
Tech »
Media »
iPad »
Marc Andreessen, co-founder and general partner of Andreessen Horowitz, speaks during the ''The Future of Technology'' panel at the Fortune Tech Brainstorm 2009 in Pasadena, California July 22, 2009.
Credit: Reuters/Phil McCarten
By Sarah McBride
SAN FRANCISCO |
Tue Jan 31, 2012 2:21pm EST
SAN FRANCISCO (Reuters) - Venture capital fund Andreessen Horowitz raised $1.5 billion for a new fund, bringing the firm's assets under management to $2.7 billion and cementing the firm's position among the venture-capital elite.
"It's a very opportunity-rich environment right now," said Marc Andreessen, the firm's co-founder, who said the firm planned to stick to its strategy of investing in companies with the potential to upend an industry, often around the software theme, which he sees playing out for some time.
"After software, there will be more software," said Andreessen, who cited industries such as book publishing that were relatively unaffected by software changes until innovations such as Amazon's Kindle and Apple's iPad emerged in recent years.
Next up would be industries such as healthcare and education, he said.
In a blog post, co-founder Ben Horowitz said last year the firm hosted 600 portfolio presentations to help introduce its start-ups to potential customers at Fortune 500 companies.
Separately, the firm has made introductions that have helped its start-ups recruit 130 new staffers in a tough-to-hire environment in Silicon Valley, particularly for engineers.
Andreessen Horowitz started with $300 million in 2009 and then raised $900 million more in 2010. It has invested in many of the country's hottest start-ups, including Airbnb, Pinterest, Zynga and Facebook, which is preparing for a much-anticipated initial public offering.
Raising $1.5 billion in a single fund places it in a relatively elite group of billion-plus funds.
(Reporting By Sarah McBride; Editing by Phil Berlowitz)
Tech
Media
iPad
Related Quotes and News
Company
Price
Related News
Tweet this
Link this
Share this
Digg this
Email
Reprints
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (0)
Be the first to comment on reuters.com.
Add yours using the box above.
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Back to top
Reuters.com
Business
Markets
World
Politics
Technology
Opinion
Money
Pictures
Videos
Site Index
Legal
Bankruptcy Law
California Legal
New York Legal
Securities Law
Support & Contact
Support
Corrections
Advertise With Us
Connect with Reuters
Twitter
Facebook
LinkedIn
RSS
Podcast
Newsletters
Mobile
About
Privacy Policy
Terms of Use
Our Flagship financial information platform incorporating Reuters Insider
An ultra-low latency infrastructure for electronic trading and data distribution
A connected approach to governance, risk and compliance
Our next generation legal research platform
Our global tax workstation
Thomsonreuters.com
About Thomson Reuters
Investor Relations
Careers
Contact Us
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.