Respected investor and web-browser pioneer, Marc Andreessen who is also the owner of a joint venture firm, Andreessen Horowitz had sold nearly 75 percent of his stake in Facebook ahead of the holiday season. According to the regulatory filings, the total shares sold by Andreessen is about $160 million.
Venture capitalist Marc Andreessen said he was quitting EBay Inc's (EBAY.O) board following the online retailer's decision last month to spin off its electronic payment unit, PayPal.
Social news site Reddit Inc said it raised $50 million in funding in a deal that would see investors giving back 10 percent of their shares back to the site's user community.
Halo Neuroscience has taken in $1.5 million funding led by Marc Andreessen and Jeff Clavier to be used to address issues on safety to the Food and Drug Administration to help obtain product approval.
Silicon Valley, US-based venture capital firm Andreessen Horowitz closed its fourth fund at $1.5 billion to invest in a varied range of sectors including 3D printing, consumer mobile, and bitcoin.
Warren Buffet said Bitcoins were a "mirage" and that investors should "stay away" from it, VentureBeat reported citing the investor's comments on CNBC's "Squawk Box."
Marc Andreessen, venture capitalist and founder of Netscape, is optimistic that tech is already recovering from the 2008 financial crisis and that it has decades of growth ahead, TechCrunch reported.
The "Technology and Internet Conference" of Goldman Sachs will be launched on Tuesday, February 11, 2014 with the best companies from the public and private sector as its attendees, TechCrunch reported.
Facebook chief executive Mark Zuckerberg will be selling 41.4 million shares worth $2.3 billion as part of Facebook's follow-on offering of 70 million shares. The said stock offering is worth a total of $3.9 billion.
Irvine, California-based firm Oculus VR has raised $75 million in a funding round led by venture capital firm Andreessen Horowitz to launch a consumer version of the tech firm's virtual reality goggles.