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Netscape founder and angel investor Marc Andreessen is partnering with long-time co-investor and Opsware executive Ben Horowitz to launch a…

Netscape founder and angel investor Marc Andreessen is partnering with long-time co-investor and Opsware executive Ben Horowitz to launch a fund to focus on venture investments of about $500,000. Andreessen and Horowitz have been co-investing as angels for years, with average investments of around $100,000 per deal; they formed the new fund to make more significant initial investments, citing the fact that many startups now need only about $500,000 to $1 million to bring their product to market. Since founding Netscape, Andreessen has remained active in the internet space and was one of the original angel investors in such buzzy startups as Digg and Twitter. The new fund was announced on the Charlie Rose Show and later reported by peHUB

Andreessen and Horowitz’s angel fund, appropriately named “Horowitz Andreessen Angel Fund I,” has been actively investing in startups for several years, having recently taken stakes in kaChing, virtual worlds company Metaplace, mobile video company Qik, online publishing company Crowdfusion, dating site I

  1. Still no website/name for the new Horowitz Andreessen early-stage firm despite new details on the fund size the pair are looking to raise.

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