Accel, Breyer are “Strategic Partners” in Andreesen VC Fund


Silicon Valley venture firm Accel Partners and Accel’s Jim Breyer are “strategic partners” in the new venture capital fund being raised by Netscape co-founder Marc Andreessen, peHUB has learned.

Andreessen and Breyer both sit on the board of social networking company Facebook. Andreessen joined the board last June, while Breyer led the company’s first venture investment back in April 2005.

Andreessen first disclosed his venture effort, called Andreessen Horowitz, last week on the Charlie Rose television talkshow. His partner is former Opsware executive Ben Horowitz, with whom Andreesen has a history of angel investing.

We will bring you more details as we learn them. So far, Andreessen isn’t disclosing the particulars of the fund.

OutCast Communications, which is handling PR for Andreessen on the new fund, told peHUB that Andreessen “can’t really share more detail in addition to what he mentioned on Charlie’s show.”