I’m excited to announce that Andreessen Horowitz simply raised a recent $9B to take a position by way of our Enterprise, Progress, and Bio Funds. We’re grateful to our Restricted Companions who’ve believed in us and caught with us over the previous 12 years and hope to earn their belief as soon as once more. We thank our many fantastic entrepreneurs who made this set of funds doable.
One would possibly ask: “Why make investments $9B in a model new set of know-how firms?” Our reply begins with one of many agency’s core cultural values: We imagine sooner or later and we guess the agency that method.
At Andreessen Horowitz, we particularly imagine within the technology-enabled future. There are not any extra worthwhile endeavors than our most good minds taking nice dangers to enhance the world by doing one thing bigger than themselves. As my accomplice Marc describes in Know-how Saves the World, with out nice advances in know-how, life on Earth definitely is not going to get higher and should nicely worsen.
Past that, we see entrepreneurs each day with potential options starting from a fairer artistic economic system to raised training for low earnings college students to cures for most cancers. We by no means know which of those will work and that’s why we worth the individuals who guess their careers and their lives on fixing these issues.
It’s our position and mission to assist these entrepreneurs construct the very best firms they’ll and obtain their necessary targets. With these new funds, together with a $1.5B Bio fund, $5B Progress fund, and $2.5B Enterprise fund, coupled with the $2.2B Crypto Fund and $400M Seed Fund we raised in 2021, we’ll proceed to take a position throughout your entire spectrum of levels, writing checks as small as $25,000 and as much as tons of of thousands and thousands of {dollars}.
We look ahead to being a part of a really shiny future with you.
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