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Andreessen Horowitz hires Facebook general counsel Ted Ullyot: Reuters

Venture capital firm Andreessen Horowitz has hired Facebook Inc’s former general counsel Ted Ullyot for handling its policy and regulatory affairs.

Andreessen Horowitz has set up a policy and regulatory affairs team to manage regulatory and legal issues related to technology companies, a spokeswoman for the firm said on Thursday.

Andreessen Horowitz’s portfolio includes online home rental marketplace Airbnb and ride-sharing service Lyft, both of which have faced regulatory issues.

Ullyot has earlier been a litigation partner in Kirkland & Ellis LLP. He has also served as a deputy assistant to former U.S. President George W. Bush and chief of staff at the Justice Department under former attorney general Alberto Gonzales.

(Reporting by Arathy S Nair in Bengaluru; Editing by Kirti Pandey)