Of course, Andreessen is already an active investor who has backed Facebook, Digg, Twitter, and many others; and he has been running an angel fund with former Opsware executive Ben Horowitz since 2007. Andreessen told Rose the venture fund will “preserve and extend” the angel model; investments will range from $200,000 to $1 million, with $500,000 as the “typical size.”
[aditude-amp id="flyingcarpet" targeting='{"env":"staging","page_type":"article","post_id":104224,"post_type":"story","post_chan":"none","tags":null,"ai":false,"category":"none","all_categories":"business,","session":"D"}']“What we’re seeing is a whole generation of startups that actually don’t need very much money to get started, so the cloud computing example, or a mobile application, an iPhone developer doesn’t need very much money to get started,” he said.
I’ve emailed Andreessen asking for more details, and will update if he responds. TechCrunch has a transcript of Andreessen’s Charlie Rose appearance, which is full of good stuff, including his statement that Facebook could be making a lot more money if it were willing to run giant banner ads, but is choosing not to.
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