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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Tags: 50-million, electric cars, horowitz, information technology, internet boom, investment-opportunities, marc andreessen, netscape communications corp, rocket ships, silicon valley startups, silicon-valley, venture capital fund

Boston Globe – Despite the gloom gripping the markets, Bain Capital has raised $475 million for a new venture capital fund, according to two executives with direct knowledge of the fund.

It is the firm’s fourth fund that invests in start-ups. Bain is perhaps best known for its multibillion-dollar private equity deals. The Boston firm manages about $70 billion total, including a hedge fund and a debt fund that it runs.

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Tags: bain capital, boston firm, boston globe, debt fund, gloom, multibillion-dollar, start ups, ups, venture capital fund

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