If you’re wondering who Marc Andreessen, David George, and Jonathan Horowitz are, you’re not alone. They are among the most famous tech investors in the world. After all, they are behind a number of startups, including Clubhouse, Substack, and Yuga Labs.
Substack is the new kid on the block. They are building the premier subscription platform for independent writers and podcasters. The platform enables writers to create and publish subscription based newsletters. In fact, their site boasts a whopping 50,000 subscribers. Andreessen Horowitz is one of their many investors.
Substack’s aforementioned 50,000 subscribers aren’t the only thing its investors are taking note of. Aside from the financial gains, the company’s new found traction is also enticing previous investors to redouble their efforts. During the past two years, Substack has accumulated more than $600 million in funding, much of which has gone towards paying writers and supporting their burgeoning subscription media empire.
The company isn’t exactly perfect; they’ve had their fair share of content moderation and censorship issues to contend with. Still, their innovative approach to subscription based journalism is the right mix of ecommerce and social media. Using their platform, writers can now publish podcasts and emailed newsletters, with paid subscribers supporting their wares.
Clubhouse, a new voice-first social network, is now backed by Andreessen Horowitz. The venture firm has a small but focused staff, seven of whom have been working on the project. This means that they’ll be helping the startup to scale.
In addition to the funding, Andrew Chen of Andreessen Horowitz will become a board member of Clubhouse, and he’ll lead the company’s marketing efforts. He’ll also lead an effort to launch the website and add podcasts and other video content.
Clubhouse has an unusual set of investors, but that might not be a bad thing. After all, the venture capitalists are all doing due diligence. It’s a high-risk, high-reward bet, but it’s also the kind of investment that could help a startup go viral.
Clubhouse, founded by former Talkshow co-creator Paul Morris and his son Rohan Seth, is an audio-first social networking platform. It lets users create rooms and join open virtual rooms. Users can move between conversations, listen to what others have to say, and raise their hands to chime in.
Yuga Labs, a web3 based company, is in advanced talks to raise a massive funding round led by Andreessen Horowitz. The deal is still not closed but is expected to be worth about $200 million.
The company recently acquired the IP of CryptoPunks and Meebits from Larva Labs, the owner of the NFT collection. After acquiring both collections, Yuga plans to open up the individual CryptoPunks to their owners. This will allow Yuga to generate revenue from secondary sales of the NFTs on the blockchain.
Yuga also owns three of the biggest NFT brands on the market. The company has the Mutant Apes, Punks and Meebits collections, each of which are valued at over eight hundred and fifty million dollars. These collections are among the most valuable NFTs in the world.
David George and the Andreessen Horowitz have teamed up for a new venture capital fund. This one will focus on the late stage. The firm has raised $2 billion for its first late-stage venture fund. It will sit alongside its bio and crypto funds, and will be led by George, the firm’s new general partner.
David George has been in the game for seven years, and his portfolio includes notable investments such as Airbnb (IPO December 2020) and Roblox. He has also served on the boards of Current, Greenlight, and Workrise. His recent investment in Cross River, a fintech solution provider, is a particularly laudable feat.
Andreessen Horowitz is one of Silicon Valley’s most high-profile venture capital firms. In the past decade, the firm has raised over $10 billion. Typically, the firm hires for expertise in a particular industry, and in this case, it’s the Internet and technology sector.
Marc Andreessen runs Andreessen Horowitz, one of the most influential venture capital firms in Silicon Valley. He also cofounded Loudcloud, Opsware, and Netscape. As a seed investor in Facebook, he has a long history of making deals in tech. This year, he announced the creation of a new media property called a16z. The new company plans to be a news and information source for entrepreneurs, investors, and technology-lovers.
The company will offer a mix of interviews, podcasts, articles, and events. Some of the a16z founders are also involved in other businesses, including Axios, a business blog run by Dan Primack.
The firm also has a new investment team headed by David George. He will be responsible for investing in companies from Series C to G stages. In addition, a16z is planning to raise more specialized funds in the future.