Kara Swisher

Recent Posts by Kara Swisher

Andreessen Horowitz Distributes Facebook-Instagram Shares, But Holds Bulk of Direct Investment

According to a new filing to the Securities and Exchange Commission, high-profile Silicon Valley venture firm Andreessen Horowitz has distributed just over three million shares of Facebook that it got from the sale of its investment in photo-sharing site Instagram. And, as had been previously reported, Marc Andreessen, who is a Facebook director, is also planning to unload a small amount of stock to cover his personal tax liabilities. In addition, one of the limited partners of Andreessen Horowitz also asked for a distribution of the firm’s direct investment. The firm continues to hold close to 3.9 million shares of Facebook, whose stock has taken a beating since it went public earlier this year. That’s due to a number of reasons, including the end of lock-up periods of a huge number of Facebook employee shares that are now able to come onto the market.


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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik