Andreessen and Horowitz Complete Raising Dough for $300-Million Venture Fund–Let the Seed Investing Begin!

Even in the midst of a tough investing environment, Silicon Valley legend and serial entrepreneur Marc Andreessen and his longtime investing partner, Ben Horowitz, have completed the raising of his new venture fund, according to the numerous sources close to the situation, and it is oversubscribed. Sources said the fund–which was nicknamed “Project A,” but is actually called Andreessen Horowitz–will be $300 million. It is $50 million over the $250 million he and Horowitz had planned.
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Kara Visits The Lobby Party on Sand Hill Road (As Opposed to the Sandy Beaches of Hawaii)

Last night, BoomTown went to a lovely party thrown by David Hornik, the August Capital VC who also runs The Lobby conference in his spare time. He threw the event because those who attend the annual invitation-only gathering in Hawaii wanted to get together again during the year in Silicon Valley for even more schmoozing. I went to the first Lobby in the fall of 2007, so Hornik let me in to have some pizza and beer at August’s offices on Sand Hill Road and use my Flip video to ask those in attendance where they thought the digital sector was in terms of the economy and innovation.
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Toys R Us Takes Ball, Amazon’s $51 million, Goes Home

The long-standing legal dispute between Toys R Us and Amazon has been resolved in the toy retailer’s favor, but at a much discounted price. In a regulatory filing submitted to the SEC Friday, Amazon said it has agreed to pay Toys R Us $51 million to settle claims that it violated a former exclusivity agreement with the company.

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DVD Jon’s Ad at the Apple Store: The Mystery Continues

It’s up. It’s down. It’s up. It’s down. That’s the brief, updated history of a billboard-style ad posted by the Norwegian hacker Jon Lech Johansen next to Apple’s store in downtown San Francisco, the subject of an item here last Saturday.

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Breaching China’s Green Dam

Chinese authorities are having to grapple with more bad publicity for the “Green Dam-Youth Escort” software that Beijing wants to see included with all PCs sold in China from July 1. Researchers at the University of Michigan have discovered major security vulnerabilities in the Internet filtering software, according to this report. The authors say that initial testing of version 3.17 of the Green Dam software found serious security holes, which the authors attributed to programming errors.

Palm Pre: 100,000 Sold So Far

Palm has shipped 100,000 Pres since the device debuted on June 6. This, according to J.P. Morgan analyst Paul Coster, who estimates that more than 50,000 phones were sold in the first two days it was available and says the company may have sold another 50,000 in the days that followed.
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Ticketmaster CEO Irving Azoff: The Full D7 Session

Today, the full sessions of the seventh D: All Things Digital conference get rocking–literally–by posting my onstage interview with music powerhouse Irving Azoff. One of the most important behind-the-scenes movers and shakers in the industry, Azoff is now running the world’s biggest entertainment ticketing company while still heading one of the largest music management companies. He is also personal manager for the Eagles and many others. He and I talked about all this and more, focusing on the digital forces buffeting the music business.
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Safari 4 More Popular Among Window Users Than Mac Users

Apple claims that Safari 4 is “the world’s fastest” Web browser. That may or may not be true, but certainly its speedy market share gains are impressive, particularly among Windows users. Apple said Friday that more than 11 million copies of the new browser have been downloaded in the first three days of its release, including more than six million downloads by Windows users.
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QOTD

“I am a lover, not a fighter.”

Dana Wagner, Google’s competition counsel, plans to hug it out with the Justice Department