Connie Loizos
Andreessen Horowitz has raised roughly a billion dollars since opening its doors in June 2009, so it should surprise no one that the firm -- run by Marc Andreessen, Ben Horowitz, and John O’Farrell -- has just brought aboard a fourth GP.
More surprising is that the firm’s newest hire, IronPort Systems cofounder Scott Weiss, doesn’t have much experience as a venture capitalist. (Neither did Andreessen and Horowitz or O’Farrell, who was most recently a vice president at Silver Spring Networks.)
“The goal is to…build a new culture, a new way of evaluating companies, and a new way to build companies,” says Horowitz. “To do that, it didn’t make sense to bring in people from the old culture...
Boston Globe columnist Scott Kirsner doesn’t take criticism of Boston’s tech scene lightly–at least, not criticism that’s unsubstantiated by hard data. That much became plain earlier today as Kirsner watched tech pundit Vivek Wadhwa, currently a visiting scholar at UC Berkeley, address some MIT Sloan students for a lunchtime talk. As Wadhwa shared his views on the […]
When Ankur Jain bursts into a room, his energy is practically contagious. Such was the case when I met the 20-year-old for coffee two weeks ago at the W Hotel in San Francisco. Jain, a Wharton student who is graduating this spring, was in town to discuss Kairos Society, an international, student-run organization that he […]
Fernando Iunes can’t complain. At least he didn’t complain when he missed a flight out of Rio last night while talking with this reporter. Considering what a good year Iunes is having, it’s no wonder. As the executive director of Brazil’s Banco Itaú BBA, Iunes and his investment banking colleagues are poised to reap a […]
Joe Fernandez has a lot to celebrate. His online influence measurement startup, Klout, is enjoying both explosive growth and the kind of attention that many startups can only dream about. It’s no wonder that last month, San Francisco-based Klout was handed $8.5 million in financing led by none other than Kleiner Perkins. The round, which […]
Virginia may be for lovers, but while many residents were enjoying Valentine’s Day on Monday, CNet cofounder Halsey Minor was filing for Chapter 11 – again. At issue? Carter’s Grove, an historic, Georgian-style mansion in Williamsburg that Minor agreed to buy from Colonial Williamsburg in late 2007 for $15.3 million. After Minor failed to make two […]
Zynga, the social games company, is raising a new round of anywhere from $250 million to $500 million that values the company at $10 billion, according to two press reports. The New York Times reported the news earlier tonight that the company is close to sewing up a new $250 million round of financing at […]
Mark Cuban knows a thing or two about bubbles, having profited handsomely from an earlier Internet boom. But ask him if we’re seeing Bubble 2.0 and he’ll give you a different theory. “It’s almost the 2011 version of a private equity chain letter,” says Cuban, who sold Broadcast.com to Yahoo in 1999 for $5.7 billion […]
The Active Network, a San Diego-based holding company that runs numerous fitness and outdoors oriented Web sites, has filed to go public. It is planning to sell about $150 million of common stock to repay debt. Since its 1999 founding as a registration site for endurance races, the company has garnered north of $200 million […]
Life can be hard for young biotechs, but that doesn’t mean the market is sympathetic. AcelRX Pharmaceuticals of Redwood City, Calif., is the latest biotech to receive a cold reception from investors. After slashing its planned offering price from between $12 and $14 to $5 per share, the stock has been trending downward since its debut […]