it’s been a long time coming, but online auction giant Ebay has inked a deal (PDF) to sell of 65 percent of its VoIP operation Skype for $1.9 billion in cash. The buyers are a group of technology investment houses led by Silver Lake, with investors including Andreeson Horowitz (a new venture capital firm from Netscape co-founder Marc Andreessen), Index Ventures, and the Canada Pension Plan Investment Board. The deal values Skype at about $2.75 billion; eBay will retain a 35 percent share of the company.
Tag Archive: Marc Andreessen
Marc Andreesson and Ben Horowitz Launch New VC Firm
The current recession and general economic turmoil might make it seem like the wrong time to empty out one’s pockets on a bunch of speculative ventures, but Marc Andreessen—co-founder of Netscape and one of the developers of the Web browser that started it all, NCSA Mosaic—has partnered with Ben Horowitz to launch a new venture capital firm, Andreessen Horowitz, with a $300 million starting fund. Andreessen and Horowitz have extensive experience in the tech industry, having founded three companies and acted as angel investors in dozens of outfits, including companies like Digg, LinkedIn, Twitter, and Aliph.
Netscape Founder Joins Facebook Board
Remember Netscape? At one time it looked as if it would eclipse Microsoft’s Internet Explorer as a browser. Those days are just a hazy memory now, but the man who dreamed them, Marc Andreessen, is still very much alive and kicking – and the newest member of Facebook’s four-member board.
It will be a change for Andreessen, who has plenty of experience with startups – after Netscape he was involved with Opsware and Ning.
Mark Zuckerberg, Facebook founder and chief executive, said:
Bye Bye To Netscape
These days it’s hard to believe that Netscape Navigator was once the dominant browser, with over 90% of the market – in fact you have to be of a certain age not to say “What?”But in the days before Internet Explorer consolidated its position, Netscape was the one. Times change, however, and now Netscape is vanishing slowly into the sunset. As of Saturday its owner,AOL, stopped support for the browser, which now has a share of 0.6%, according to the BBC. The people behind Netscape haverecommended that users migrate to either Firefox or Flock, which are both built on the same technologies. The firstversion of Netscape appeared in 1994, authored by Marc Andreessen, the man behind the Mosaic browser. Shawn Hardin, President and CEO of Flock, recalled for the BBC, "Netscape had acritical role in taking all of these zeros and ones – this very academic and technical environment – and giving it a graphical user interface where an average person could come online and consumeinformation. During its halcyon days it really felt like the internet and Netscape were really the same thing." But then Microsoft began bundlingInternet Explorer with Windows, and the eventual end was in sight.



