Existing investors Andreessen Horowitz Greylock Partners, Khosla Ventures and FLOODGATE participated in the round.
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That would be less preferable to Andreessen as CEO but still a pretty close second.
Instead, he wanted to join the VC world and joined well-known firm Andreessen Horowitz.
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Andreessen Horowitz has named Ken Coleman, former executive at Silicon Graphics, as a special advisor.
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The firm believes in the long term prospects for Facebook, said Margit Wennmachers of Andreessen Horowitz.
Andreessen says Sandberg had been encouraging Summers to think about getting more involved with tech.
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The co-founder and General Partner of venture capital firm Andreessen Horowitz talks about the girl effect.
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Venture capitalists, including Andreessen, are quick to point out their business is not a zero-sum game.
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The latter went public in 1995 and made a centimillionaire of 24-year-old Marc Andreessen.
The investors include Battery Ventures, Ignition Partners, Andreessen Horowitz, Data Collective and Amplify Partners.
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Among the sellers: Andreessen Horowitz, Maverick Capital, Fidelity Investments and the Swedish investment firm Kinnevik.
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Like Andreessen, Ray has, since the Hurd imbroglio, been the public face of the board.
Andreessen and Horowitz never seem shy about saying what they think, which we love.
This is guest post by Scott Weiss, a general partner at Andreessen Horowitz.
Andreessen may have lost that war, but he apparently still has a lot of fight left.
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Well, how about Marc Andreessen, who at age 23 popularized Web browsers by creating Netscape?
Investors included Citi Ventures, Andreessen Horowitz, Leapfrog Ventures, Seraph Group, and Startup Capital Ventures.
Chief Executive Jeremy Stoppelman and top venture firms such as Bessemer and Andreessen Horowitz.
Andreessen: Effectively all businesses run on computers, and we all have computers in our pockets.
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Marc Andreessen, Marc Benioff and Jim Breyer talked about using tech-driven metrics to improve philanthropic efficacy.
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Marc Andreessen was one of the guys who wanted to buy Yahoo and then shrink it.
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Current Airbnb investors Andreessen Horowitz and Sequoia Capital are also expected to participate in the new round.
Andreessen Horowitz meanwhile has previously invested in the Start Fund which invested in all Y Combinator companies.
Last night, Netscape co-founder Marc Andreessen told Business Insider why Mayer is a great choice for Yahoo!
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But with the Valley engaged in a tug-o-war for top engineers, Andreessen-Horowitz intends to do just that.
He shares the prize with other internet pioneers Robert Kahn, Vinton Cerf, Louis Pouzin and Marc Andreessen.
Andreessen: Mark Zuckerberg had me at an all-hands meeting of Facebook, and he got a standing ovation.
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Andreessen Horowitz, believed in the concept so much that it made its largest-ever investment in the company.
Marc Andreessen, 23, was no doubt guessing how a Gillette razor worked when he wrote a Web browser.
That evening, Mr. Andreessen drove to Mr. Hurd's house to deliver an update, he later told the board.
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