Kara Swisher

Recent Posts by Kara Swisher

Video: Marc Andreessen Talks About the New $650 Million Fund Burning a Hole in His Pocket

As BoomTown wrote recently, Andreessen Horowitz finally officially announced a new investment fund it had been raising.

The high-profile entrepreneur-led venture firm pulled in $650 million from its existing limited partners, as well as some new ones.

That’s almost double its first fund of $300 million, with which Andreessen Horowitz invested in companies ranging from gaming phenom Zynga to Internet telephony Skype to geolocation start-up Foursquare.

Andreessen now has 18 people working at its HQ on Sand Hill Road, and expects to expand.

As before, in an interview earlier today, partner Marc Andreessen said the investments would be made across the board in the general area of computer science and set largely in the Silicon Valley area.

But the size and amount of the investments will vary from seed fundings of $50,000 to $100,0000 to venture deals to putting bigger amounts of up to $100 million into growth companies–such as, perhaps, Twitter?

Here is Andreessen talking about it all in this video interview:

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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work