Previously, Andreessen Horowitz had raised $300 million in 2009 (Fund I), $650 million in 2010 (Fund II), $200 million in 2011 (Growth fund) and $1.5 billion in 2012 (Fund III).
“We’re going to keep doing the things that we’ve been doing,” partner and COO Scott Kupor told me in a phone interview. “We want to look at everything and be able to invest.”
Among the reasons cited as to why venture capital is an exciting space right now, mobile comes first. Kupor writes that billions of new people will get a smartphone in the coming years, which will greatly increase the Internet population.
At the same time, technology costs have gone down dramatically. For example, Andreessen Horowitz recently…
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