Marc Andreessen, the young man who founded the first Web browser company Netscape, will partner with long-time associate Ben Horowitz in a venture capital firm that will target computer start-ups.
Andreessen Horowitz already have about $300-million committed to the fund, from pension funds, endowments and other investors – in fact, they say the fund is "oversubscribed".
Investments will range from $50 000.00 to $5-million and will mostly be in Silicon Valley.
The two partners have already been involved in about 40 "angel" investments with their own money.
After Netscape, Andreessen went on to co-found social networking company Ning and cloud computing pioneer Loudcloud.