» 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.
As we wait to see just how involved Arrington will remain, as a media company that should supposedly hold up some sort of journalistic ethics, AOL is coming out looking quite sleazy.The Atlantic Wire’s Rebecca Greenfield • Offering her take on the debacle revolving around Michael Arrington and TechCrunch. Here’s the issue we see, as outsiders: Michael Arrington has always been as much of a player in Silicon Valley as he’s been a journalist, so there’s always been a small conflict of interest there. But by making the “player” element a bigger part of his job title by creating a venture capital fund, he makes himself a target. But wait. Tech journalism is already incestuous and ethically broken. A few examples: Business Insider’s Henry Blodget was once a financial analyst barred from the securities market for fraud. The WSJ’s Kara Swisher is married to a female Google exec (which she discloses). And Gizmodo parent Gawker Media pays for stories that can draw millions of eyeballs to their sites. The difference is that AOL, which bought TechCrunch a year ago, is a big company that knows better. Or should. And the end result is that it makes AOL look really bad. source (via • follow)