Andreessen Horowitz holds on to Facebook shares in long-term gamble
Andreessen Horowitz, the famed venture-capital firm run by Marc Andreessen and Ben Horowitz, is not selling the Facebook shares it acquired through direct investment.
Reports surfaced yesterday saying that Andreessen Horowitz, one of the earliest and biggest investors in Facebook, was offloading some shares it directly acquired through investment in the social network following a mandatory lockup period. However, a Securities and Exchange Commission filing has revealed that only Marc Andreessen himself has personally offloaded some shares. According to TechCrunch, which was first to report on the news, a spokesperson from Andreessen's firm said that the sales will only … Read more