As the New York Times reported last week, Andreessen-Horowitz has raised, yet again, a Very Large fund.

Andreessen Horowitz (or a16z, as it’s sometimes called) announced today that it has raised $1.5 billion for its Fund III. The venture capital firm has now raised a total of $2.7 billion since its founding in June 2009.

Co-founder and General Partner Ben Horowitz has a post on his blog with some detail on the thought process behind this step:

Since Marc and I founded Andreessen Horowitz three years ago, we have raised $2.7 billion. That statement begs a few questions. The two most obvious are:

  • Why did such a new venture capital firm raise so much money?
  • How did such a new venture capital firm raise so much money?

And for the answer to those questions, read the post above, since it isn’t very condensable into a soundbite. 🙂

Udhay Shankar N

Udhay is a veteran of the technology and entrepreneurship scene, having helped found his first entrepreneurial venture straight out of college in 1991. Since then, he has been invoved in various pioneering ventures,
including (among other things) India's first web site company (in 1995), and India's first startup to get silicon valley venture capital funding (in 1999). He has helped build Yahoo!'s first social media network (before facebook existed) and was recently helping Intel build new products for the Indian consumer. In addition, he set up and ran the startup accelerator at the VC fund, Axilor Ventures, and spends a lot of time helping startups of various kinds further refine their product and strategy.

He is also the force behind the well-known discussion group silklist, since 1997, which makes it one of the longer-lived email lists on the net. Discussions on silklist have ended up inspiring articles, books, Ph.D theses, and sociological studies. Recently, he helped found the 'unconference' styled event, The Goa Project, which aims to bring interesting people of all types together to learn and collaborate..

More info about Udhay on Linkedin.