Andreessen Horowitz (a16z)

Andreessen Horowitz (a16z)

Andreessen Horowitz (also named a16z) is a US venture capital firm, founded by Marc Andresseen and Ben Horowitz in 2009.

Founded in 2009 by Marc Andreessen and Ben Horowitz, Andreessen Horowitz (known as “a16z”) is a venture capital firm located at 2865 Sand Hill Road in Menlo Park, California that backs bold entrepreneurs building the future through technology. The firm is stage agnostic: a16z invests in seed to late-stage companies, and both consumer and enterprise technology companies. As of April 2018, a16z has raised $7.1B, across seven funds, including the $650M Bio funds.

Andreessen Horowitz built a network of technical and executive talent; media and marketing resources; Fortune 500/Global 2000 companies; as well as other technology decision makers, influencers, and opinion leaders. The firm uses this network to help their portfolio companies grow. Their operating teams provide entrepreneurs with access to expertise and insights across a range of topics.

Structure

Organization

As a venture capital firm, Andreessen Horowitz’s organizational structure is generally comprised of board partners, special advisors, operations team, and a group of in-house service specialists. The firm uses a Hollywood talent agency Creative Artists Agency model. Instead of having industry specific general partners, general partner works on behalf of all its portfolio companies. The in-house service specialists – whose skillset ranges from business development to recruiting – are meant to dispense their expertise to companies in Andreessen Horowitz’s portfolio.

Executive Briefing Center

Andreessen Horowitz also operates a facility that allows their portfolio companies to connect and network with established enterprises, called the Executive Briefing Center. The Executive Briefing Center is based both in California and New York. Established enterprises, who have been identified by their portfolio companies as potential customers, are invited to the center for a networking and presentation session of these companies’ products and services. For the established businesses in attendance, the session is an opportunity for them to be informed of the latest developments in their area of interest, alongside building possible partnerships with the presenting startups.

AH Bio Fund is a series of two Limited Partnership, Venture Capital, Pooled Investment Funds managed by Andreessen Horowitz.

AH Bio Fund I, L.P. specializes in Series A, seed, early-stage startup investments. The fund seeks to invest in software related biology, biotech, and medicine companies at the intersection of computer science and life sciences, with a focus on digital therapeutics, cloud technology in biology, and computational medicine robot. AH Bio Fund I raised $200M across 67 investors. It was announced on November 18, 2015.

AH Bio Fund II, L.P was announced on Dec 14, 2017 . The Andreessen Horowitz' second bio fund is a $450 million investment fund focused on the intersection of biology and engineering. As with the first bio fund, they invest across seed to growth.

History

In 2015, the venture firm Andreessen Horowitz launched a $200 million fund located in Menlo Park, CA, to invest in software, biology, and medicine, led by its ninth general partner, Vijay Pande. The Official name of the fund is AH Bio Fund I LP . The fund gathered $200M (18 Nov 2015) from 67 investors .

AH Bio Fund II, L.P is a venture capital fund located in Menlo Park, CA that invests in early-stage healthcare-focused information technology companies. This Andreessen Horowitz sponsored fund is led by Vijay Pande, the chair of Stanford University's chemistry department. The fund is an extension of the firm's early-stage information technology investment program, but differs in its focus on the healthcare sector.

The focus is in computational biomedicine, applying AI and ML to diagnostics and therapeutics; new bio utilities or tools that make it easier to "read", "write" or edit and synthesize DNA, as well as making advances in bioengineering itself.

Investments

AH Bio Fund I LP

This fund focuses on software companies built to enable and address biotech ideas. It makes roughly one Series A investment and 2-3 seed investments each quarter, on pace with other general partners at Andreessen Horowitz. The fund works closely with Y Combinator.

AH Bio Fund II

AH Bio Fund II invests in software companies which can benefit from the reduction in the costs of data storage, computational power, sensors to measure biological data, and genetic sequencing. AH Bio Fund II has identified computational biomedicine, new scientific utilities, and network effects in healthcare as areas of specific investment interest.

Andreessen Horowitz Crypto Startup School

Announced in November, 2019, Andreessen Horowitz offers a free crypto startup school. They opened the applications during their announcement, for which they hoped to see 20 to 25 teams or approximately 40 participants. The program, held at their Menlo Park offices, is seven weeks long, and will include technologists and investors from the crypto currency space. The first program starts February 21, 2020 and finishes April 3, 2020.

During the seven weeks, participants can expect to receive 12 to 15 hours of lectures, workshops, mentorship and networking opportunities per week. The courses outlined include:

  • What are Crypto Networks, and Why Do They Matter?
  • Blockchain Computing Primitives: Cryptography and Consensus
  • Overview of Application Development Tools
  • Applications: Today and 2025
  • Crytpo Business Models
  • Cryptoeconomics
  • UX, Product Development and Security
  • Go-to-Market Strategy and Developer Relations
  • Community Participation and Governance
  • Regulatory Landscape and Considerations
  • Guide to Fundraising

At the end of the course, Participants showcase a project idea or prototype during a demo day. Participating in the program does not guarantee an investment from Andreessen Horowitz, nor do they take any equity for participating.

For those interested, but unable to move or spend a couple of month in Menlo Park, Andreessen Horowitz has said they will record all lectures, and the recordings along with curriculum materials will be made available later.

Timeline

December 2, 2019

Andreessen Horowitz votes in favor of Multi-Collateral DAI.

The exchanges have announced that users would have to continue trading SAI until the listing of the multi-collateral DAI on 2 December 2019.

November 8, 2019

Andreessen Horowitz launches free crypto startup school

And the company is officially launching its school today.

May 1, 2019

Andreessen Horowitz closed on two new funds

One was a $750m early-stage fund and the other a $2b later-stage fund.

April 2, 2019

Files to become a registered investment advisor

Venture firm Andreessen Horowitz filed to become a registered investment advisor so that it can have more flexibility to put money in cryptocurrency and other assets.

Last year the firm raised its first cryptocurrency fund, with $300 million in capital committed.

December 13, 2017

AH Bio Fund II

$450M

November 18, 2015

Andreessen Horowitz was founded by Marc Andreessen and Ben Horowitz.

November 17, 2015

AH Bio Fund I LP

$200M

Funded Companies

Company
Description
Website
Industry
Location

Golden is a company started in San Francisco, USA. The company is building an encyclopedia and knowledge tool. The founder and CEO of Golden is Jude Gomila.

Instagram is a Menlo Park based photo-sharing social media platform.

Carta (formerly eShares) is a San Francisco based cap table management platform that offers 409A valuations, products for investors and public companies.

A company offering an email client designed to be the fastest email experience. The company was founded by Conrad Irwin, Rahul Vohra, and Vivek Sodera in 2015 and is headquartered in San Francisco, California.

A microventure capital firm and syndicate in California that focuses on seed and early stage investments.

Ripple is a global currency exchange and remittance network that aims to lower the cost and improve the speed of international bank transfers relative to legacy financial infrastructure.

A company offering an analytics platform for business, data science, and data engineering. It was founded in 2013 and is located in San Francisco, California.

Stripe is a financial technology company providing software that allows businesses and individuals to make and receive online payments.

Lyft is an American transportation network company. It designs, markets and operates a mobile application for matching drivers with passengers.

Coinbase is a digital asset exchange company headquartered in San Francisco, California. It operates exchanges of Bitcoin, Bitcoin Cash, Ethereum, and Litecoin.

Dfinity is a decentralized computing network currently in development using blockchain technology and algorithmic governance.

Airbnb provides an online platform for listing, searching and booking rental accommodations.

Dollar Shave Club offers a monthly membership service that delivers stainless steel razor blades and other personal grooming products to customers by mail.

Anduril builds AI platforms to protect troops, fight wildfires, perform search & rescue missions and border surveillance. It was founded in 2017 and is located in Orange County, California.

The Long-Term Stock Exchange is a financial services company and Securities Exchange.

Kong (formerly Mashape) is a San Francisco-based company that offers open source microservice API gateway.

An online sports streaming platform that is headquartered in Brooklyn, New York.

A technology company offering a platform for supporting the energy workforce.

Orchid Labs is a company developing the open source Orchid protocol, which is a peer-to-peer network and online marketplace for selling and buying internet bandwidth.

Mercury is a company making banking products for startups based in San Francisco and backed by a16z.

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Associated investment funds

Investment Fund
Description
Total offering (USD)
Total sold (USD)
Location
Date signed

750,000,000
750,000,000
February 2020

450,000,000
450,000,000
December 20, 2017

200,000,000
200,000,000
November 18, 2015

501,386,048
501,386,048
June 14, 2016

52,075,000
52,075,000
April 1, 2015

500,000,000
500,000,000
March 28, 2014

601,100,000
601,100,000
November 11, 2010

300,000,000
300,000,000
June 28, 2018

22,594,554
22,594,554
October 16, 2018

16,695,000
16,695,000
September 5, 2018

74,316,672
74,316,672
July 28, 2016

1,000,000,000
1,000,000,000
March 28, 2014

30,000,000
30,000,000
August 13, 2018

36,700,000
36,700,000
March 20, 2015

100,000,000
100,000,000
July 14, 2015
33 Results
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People

Name
Role
LinkedIn

Alex Rampell

Amanda Mulay

Employee

Andrew Chen

Balaji Srinivasan

Employee

Bart Dessaint

Employee

Ben Horowitz

Executive Officer

Chaz Flexman

Employee

Cheng Li

Employee

Chris Lyons

Employee

Connie Chan

Frank Chen

Fred Kang

Employee

Gina Bianchini

Employee

Grace Ellis

Employee

Jeff Jordan

John O' Farrell

Jorge Conde

Juliet Nyatta

Employee

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Further reading

Title
Author
Link
Type
Date

Andreessen Horowitz Is Blowing Up The Venture Capital Model (Again)

Alex Konrad

Web

April 2, 2019

Ben Horowitz on a Murder, Genghis Khan, and Corporate Culture

Paris Martineau

Web

November 9, 2019

Ben Horowitz reveals how he screens for culture in investment pitches - Business Insider

Melia Russell

Web

November 15, 2019

Menlo Ventures dives into data-driven healthcare investing with its newest partner

Connie Loizos

Web

Top Silicon Valley VC Andreessen Horowitz is investing $450 million into biotech

Lydia Ramsey

Web

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Documentaries, videos and podcasts

Title
Date
Link
+ Add new row

Companies

News

Title
Author
Date
Publisher
Description
Lucas Matney
March 19, 2020
TechCrunch
With most new social media startups seeming to dial in on specific communities to thrive in a still Facebook-dominated sphere, some of the more broadly focused social investments from top VCs are going into online gaming. The latest is Mainframe Industries, a Nordic game studio building a massively multiplayer online title. The team doesn't have [...]
Josh Constine
March 11, 2020
TechCrunch
Some Libra Association members like Andreessen Horowitz and Coinbase are double-dipping, backing a competing cryptocurrency developer platform. Launching today with over 50 partners, non-profit The Celo Foundation's 'Alliance For Prosperity' offers a way for developers to build decentralized mobile apps that are based on Celo's blockchain platform and USD stablecoin. The open-source Celo platform is [...]
Connie Loizos
March 2, 2020
TechCrunch
Last week, I sat down with Connie Chan, a general partner with Andreessen Horowitz who focuses on investing in consumer tech. She joined the firm in 2011 after working at HP in China. From her temporary offices located in a modest skyscraper with unobscured views of San Francisco, we talked about where she sees the [...]
Sarah Perez
February 27, 2020
TechCrunch
Online gaming platform Roblox, now home to 115 million largely Gen Z players per month, announced today it has raised $150 million in Series G funding, led by Andreessen Horowitz's Late Stage Venture fund. The company will also open a tender offer for up to $350 million of common and preferred shares, it says. The [...]
Alex Wilhelm
February 21, 2020
TechCrunch
A few days ago, Andreessen Horowitz's Martin Casado and Matt Bornstein published an interesting piece digging into the world of artificial intelligence (AI) startups, and, more specifically, how those companies perform as businesses. Core to the argument presented is that while founders and investors are wagering "that AI businesses will resemble traditional software companies," the [...]
Jonathan Shieber
February 5, 2020
TechCrunch
Life sciences is big business in venture capital land and firms are raising big dollars to find the companies that will lead the next healthcare revolution. Chief among them is Andreessen Horowitz, which announced its third life sciences fund with a $750 million final close earlier today. Andreessen went back to market less than than [...]
Anna Escher
January 3, 2020
TechCrunch
Loft may have better product market fit in Brazil than Opendoor does in the U.S.. And now the São Paulo-based property tech company has growth funding to prove it. Andreessen Horowitz is doubling down on its first Brazil investment with Loft, a two-year-old real estate marketplace. The $175 million Series C was co-led by Vulcan [...]
Melia Russell
December 11, 2019
Business Insider
Wonderschool, a startup whose service helps parents find day care, is growing to four new markets in 2020.
Megan Hernbroth
December 10, 2019
Business Insider
The Series B deal values Imply at $350 million, and is one of the earliest deals Andreessen's growth fund has ever led.
Business Insider
November 26, 2019
Business Insider
Our regular newsletter on getting things done -- like screening for the right talent, placing executives, and diversifying revenue.
Shannen Balogh
November 22, 2019
Business Insider
Anish Acharya is a general partner at Andreessen Horowitz. He sees innovations not just from payments companies, but from unexpected players in the fintech space.
Shana Lebowitz
November 19, 2019
Business Insider
When they interview candidates for venture capital positions, Andreessen Horowitz values respect for the entrepreneur and avoids arrogant people.
Romain Dillet
November 8, 2019
TechCrunch
Last month, Andreessen Horowitz (a16z) general partner Chris Dixon announced at TechCrunch Disrupt that the VC firm would run a free crypto startup school. And the company is officially launching its school today. Applications are now open and you have four weeks to apply. With this initiative, a16z wants to democratize cryptocurrencies. Dixon and the [...]
Connie Loizos
November 4, 2019
TechCrunch
Ben Horowitz, co-founder of venture firm Andreessen Horowitz, has a new book out titled "What You Do Is Who You Are," which takes a look at how to create culture at a company. We sat down with Horowitz last month to discuss some of the lessons he aims to impart and why he felt compelled [...]
Lucas Matney
October 22, 2019
TechCrunch
How funding rounds are classified these days has much more to do with positioning than any VC definitions, but it's still true that nothing has quite the pizzazz as the "strategic investment" celebrity party round. Sandbox VR, a location-based virtual reality startup that capped off a huge $68 million Series A led by Andreessen Horowitz [...]
Kate Clark
October 9, 2019
TechCrunch
Julie Yoo will make investments out of the firm's bio fund.
Lydia Ramsey
October 9, 2019
Business Insider
Andreessen Horowitz tapped Julie Yoo as its next general partner focused on finding companies that prove "software is eating care delivery."
Elise Thomas
October 7, 2019
Wired
Facebook says its cryptocurrency will be managed by an independent group, but an analysis finds more than half of the members have links back to the social media giant.
Akin Oyedele
September 24, 2019
Business Insider
The legendary early investor in Facebook, Airbnb, and Slack is bullish on a booming corner of the artificial intelligence industry.
Ned Desmond
September 19, 2019
TechCrunch
One lesson from TechCrunch's Disrupt SF is that founders can'd get enough programming on the really hard questions. How do I get into Y Combinator? How do I hire a technical lead? How do I raise my first round? That's why we created a special stage at Disrupt SF for the sole purpose of bringing [...]
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References