Horowitz hosts an AMA on Product Hunt. On his mentors:
At this point in my life, I would probably refer to them as friends rather than mentors. Bill Campbell and Andy Grove are probably the two that I have learned the most from. Andy’s whole life is a great lesson in how I should live mine. The way that Bill listens to people is so advanced that I learn something every time I’m with him. There are other people on other fields. Like Nas. Nas has the ability to see the world in such a radically different perspective. We can listen to the same song and he’ll hear 30 things that I didn’t.
On a Silicon Valley bubble:
Having been CEO in 2001, I don’t think that we’re anywhere near where we were then. Valuations have gotten high in certain tech sectors in the private markets only, but they have actually corrected themselves pretty quickly. For example, enterprise software started to get over valued privately, but after several companies went public at lower valuations than their last private rounds, the private markets corrected as well. I don’t see a massive crash on the horizon like 2001. In 2001, Nasdaq lost 80% of its value. I’ll bet any bubble believer everything that I have that Nasdaq won’t drop 80% in the next 5 years.
Horowitz and Dalgaard appear at San Francisco’s Glide church to support the #PoweredbyLove campaign fundraiser. The VC’s discuss strategies for bridging S.F.’s growing “digital, and hence economic, divide.” Horowitz says:
Look at Mark Zuckerberg. He didn’t take his earnings and spend it on a fancy new car or home. He took his first $100 million and gave it to the Newark school system.
Horowitz, West and Stoute discuss creative platforms
Divine releases a music video, Venture Capitalist (Like Ben Horowitz), paying tribute to Horowitz and quoting his inspirational messages. Divine says he recently sought out Horowitz on Twitter:
And lo and behold he wrote me back and this was like a two-hour conversation of tweets back and forth. Rakim is one of Ben’s favorite rappers and I just came from doing a show with [Rakim] in January and so [Ben] just started pinging me back and forth. I say, “I’m reaching out cuz initially I wanted you to invest in my record label but now that’s not what I want. I want you to mentor me.”
The company announces Series F funding from its existing roster including SV Angel, Bessemer, Fidelity, Andreessen Horowitz, FirstMark Capital, and Valiant Capital Partners. Total financing is $764 million, and the company is working on building out its ad monetization system and its search functions.
Pinterest starts Promoted Pins to add revenue, appearing in users’ search and category feeds. The mix of brands reflects activity on the site. Fashion features heavily, with Gap, Banana Republic, Lululemon Athletica, and Old Navy participating. Food makers Nestle , Kraft, and General Mills are also participating, along with Expedia.com and Walt Disney resorts in the travel category.
Business Insider reports that among the investors in the fund are AOL, Conway, Milner, Benchmark Capital, Horowitz, Andreessen, Redpoint, and Sequoia.
Andreessen and Horowitz launch Andreessen Horowitz, a venture capital firm. The two are well known investors, backing half a dozen startups each year, including social investing site kaChing, virtual worlds company Metaplace, mobile video company Qik, online publishing company Crowdfusion, dating site I’minlikewithyou, search company Blekko and media/technology company EQAL.
Andreessen announces the formation of Loudcloud, a company based in Menlo Park, California, that provides high-performance computing and software services to Internet and e-commerce companies. Loudcloud is later recognized as the first company to conceive of the “cloud” paradigm. Andreessen teams up with several ex-Netscape employees, including Loudcloud’s co-founder and CEO, Ben Horowitz. Andreessen is listed as the company’s co-founder and chairman. According to reports, Loudcloud is privately funded by Andreessen and other employees.