High-flying venture capital firm Andreessen Horowitz goes philanthropic
- $1 million the amount the venture capital firm plans to donate today
- 50% of all future profits after that will go directly to charity (wow) source
» Portfolio includes Facebook, Skype, Instagram, Zynga: Netscape co-founder Marc Andreessen’s Andreessen Horowitz, which in just three years has become one of Silicon Valley’s best-known venture capital firms, plans to take some of its expected future profits and put them to the good of the world at large. While the firm isn’t at the point where it has massive profits yet, considering it’s had at least two major buyouts already — Skype to Microsoft and Instagram to Facebook — their track record is looking solid and the end result of the firm’s work could mean tens of millions going to charity, at least. The six partners don’t have a set timetable or preferred non-profits in mind, but we suggest the one that made this video as a starting point.
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