Feeds

Andreessen Horowitz raises $US1.5b

Crisis? What crisis?

Providing a secure and efficient Helpdesk

High profile VC firm Andreessen Horowitz has secured $US1.5 billion in new funding. The new cash brings the total funding under its management to $US2.7 billion.

The company has been boasting that the serious chunk of change took a mere three weeks to raise the funding, and another six weeks to complete the formalities.

The in-trend VC firm has had its hand in investing, in various stages, a bunch of hot young digital darlings about town including Facebook, Airbnb, Foursquare, Pinterest, Skype, Twitter and Zynga.

In a detailed blog post, Ben Horowitz said the group's Midas touch hinges on building an exceptional and broad network of people from financiers to engineers, and training up entrpreneuers into "the best possible CEOs possible".

“We are uniquely positioned to help the greatest technology entrepreneurs in the world build the best technology companies in the world, and that’s just what we’re going to do,” he wrote.

The well-connected social networkers claim that in 2011, they hosted over 600 portfolio presentations to corporate customers and partners at their office in Menlo Park. These presentations resulted in more than 3,000 introductions between portfolio companies and prospective Fortune 500/Global 2000 senior executives.

“We’ve built relationships with over 4,000 engineers, designers and product managers, and we’ve made more than 1,300 introductions to our portfolio companies, resulting in 130 hires within the portfolio. We added over 550 executives to our network in 2011 and made more than 300 executive introductions to our portfolio companies. We’ve had nearly 400 interactions with media on behalf of our portfolio companies,” Horowitz adds. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Israeli spies rebel over mass-snooping on innocent Palestinians
'Disciplinary treatment will be sharp and clear' vow spy-chiefs
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.