One of the most prominent venture capital firms in the online world has raised a huge sum of cash.
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.
Last week, the New York Times reported that Andreessen Horowitz was looking to raise $1.5 billion to continue in its venture capital endeavors. At the time, the company declined to comment.
Today was the day to lay it all … Read more