Bloomberg News, sent from my iPhone.

Andreessen Said to Seek $650 Million for Investing in Startups

Aug. 25 (Bloomberg) — Andreessen Horowitz LLC, the venture capital firm run by Netscape Communications Corp. founder Marc Andreessen, plans to raise about $650 million for a fund to invest in startups, a person familiar with the company said.

The firm has invested in fledgling companies including social network browser RockMelt Inc. as well as more mature Web startups such as Skype Technologies SA. The new fund will invest in similar kinds of companies, said the person, who declined to be identified because the fund hasn’t been made public.

Andreessen Horowitz, co-founded last year by Andreessen and Ben Horowitz, started out with a $300 million fund. The firm is ramping up even as some of its peers languish amid a dearth of the initial public offerings that swell VC coffers and lure institutional investors.

Marc Andreessen didn’t immediately respond to an e-mail seeking comment.

Thomson Reuters Corp. blog peHUB reported the new funding amount earlier today. Bloomberg LP, or a subsidiary of the company, is an investor in Andreessen Horowitz.

Other companies backed by Andreessen Horowitz include Asana, a maker of software that helps employees collaborate, and Zynga Game Network Inc., the largest maker of games for social network Facebook Inc.

To contact the reporters on this story: Douglas MacMillan in New York at dmacmillan .

Find out more about Bloomberg for iPhone:

Sent from Phone


by Bain partners Phil Leung and Larry Zhu
Chinese companies looking to expand into foreign markets are discovering how tricky it can be—M&A efforts often fail to deliver the intended value. Some acquirers are getting it right. We’ve found that they start slow and small, gaining experience with domestic acquisitions before expanding globally, and understand that to excel, they have to attract and retain top talent.
Download PDF

by Bain & Company’s Organization practice
Most companies start out lean, but over time they find complexity creeps in—especially in spans and layers. Teams proliferate and layers accumulate. Soon, costs pile up and ideas and decisions stop flowing smoothly up and down and across the organization. Bain & Company has helped hundreds of clients tackle these issues to realize the success that comes from running a leaner, more nimble organization. 
Download PDF

Advancing technologies and their swift adoption are upending traditional business models. Senior executives need to think strategically about how to prepare their organizations for the challenging new environment.
Read more and listen to podcasts with leading experts on the McKinsey Quarterlysite »

Enhanced by Zemanta
Morgan Stanley
Image via Wikipedia

I received an in depth Heathcare sector report produced by Morgan Stanley that is really interesting that I think you should read if you’re in the space. Things have not been looking so great as of late.

Click Here to Read the Report

Enhanced by Zemanta