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Netscape’s Marc Andreessen Starts $300 Million Venture Fund

Bloomberg – Marc Andreessen, who helped kick off the Internet boom 15 years ago by co-founding Netscape Communications Corp., is starting a $300 million venture capital fund to foster Silicon Valley startups.

Andreessen, 37, and partner Ben Horowitz, 43, will seek investment opportunities and spend between $50,000 and $50 million on each, Andreessen said in an interview. The fund will concentrate on things he knows, such as the Internet and information technology, rather “clean tech, biotech, electric cars and rocket ships,” he said.

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