Marc Andreessen Net Worth | Celebrity Net Worth
What is Marc Andreessen’s net worth?
Marc Andreessen is an entrepreneur, software engineer, and investor who has a net worth of $2 billion. Mark co-authored Mosaic, the first widely used web browser. He also co-founded the social media network platform Ning, along with software companies Netscape and OpsWare. Additionally, Andreessen is a general partner of his venture capital firm, and sits on the boards of directors of several companies, including Facebook and Hewlett Packard Enterprise.
Early life, education, and the mosaic
Marc Andreessen was born on July 9, 1971, in Cedar Falls, Iowa, and raised in New Lisbon, Wisconsin. His parents are Lowell and Patricia. For his higher education, Andreessen went to the University of Illinois at Urbana-Champaign. As an undergraduate, he interned twice at IBM in Austin, Texas, working in the AIX Graphics Software Development Group. Andreessen also worked at the University of Illinois’ National Center for Supercomputing Applications, where he learned Tim Berners-Lee’s open standards for the Web. At NCSA, Andreessen, along with Eric Bina, helped author the web browser Mosaic, which became integral in popularizing the Internet for general use. Often considered the first graphical web browser, it was the first to display images inline with text. Andreessen graduated from UIUC in 1993 with a bachelor’s degree in computer science.
After his college graduation, Andreessen moved to California to work at Enterprise Integration Technologies. He later met Jim Clark, the founder of Silicon Graphics, who saw great potential in the Mosaic browser. The two then started Internet software company Mosaic Communications Corporation, with Andreessen serving as Vice President of Technology. Because the University of Illinois was unhappy with the company’s use of the Mosaic name, Andreessen and Clark changed its name to Netscape Communications. He changed the name of his flagship web browser to Netscape Navigator. Andreessen gained widespread recognition when Netscape launched its stock in 1995. He was featured in several publications including the cover of Time magazine.
In 1999, Netscape was bought by AOL for $4.3 billion. As a contingency part of the acquisition, Andreessen was named chief technology officer of AOL. That year, he was named one of the world’s top 100 innovators under the age of 35 by the MIT Technology Review.
Later in 1999, following the acquisition of Netscape, Andreessen co-founded the software company LoudCloud with Tim Howes, Ben Horowitz and In Sick Re. The company provided computing, software, and hosting services to consumer-facing Internet companies. In 2003, LoudCloud sold its hosting business to Electronic Data Systems and changed its name to Opsware; Andreessen served as chairman. Later, in 2007, Opsware was bought by Hewlett-Packard for $1.6 billion.
Between 2005 and 2009, Andreessen and his business partner Ben Horowitz invested a total of $80 million in 45 startup ventures, including Twitter. The pair quickly became known as super angel investors. As a result, he founded his own private venture capital firm called Andreessen Horowitz in 2009. Based in Menlo Park, the firm invests in gaming, education, e-commerce, cloud computing, security and social, among other sectors.
Andreessen Horowitz started with an initial capitalization of $300 million; Within three years, it grew to $2.7 billion. Its portfolio holdings include GitHub, Twitter, Facebook, Pinterest and Foursquare. Additionally, the firm was part of an investor group that bought a majority stake in Skype for $2.75 billion. The risky acquisition paid off in 2011, when Microsoft bought Skype for $8.5 billion.
other business interests
From 2008 to 2014, Andreessen sat on eBay’s board of directors. He resigned from the board because of eBay’s decision to break his online payments with PayPal, which he strongly opposed. Andreessen has served on the boards of companies including Facebook, Stanford Hospital, Okulur VR, OpenGov and TinyCo, among others. He is a private investor in companies including LinkedIn and Rhine. Andreessen also serves as a consultant for the web and mobile application Asana, and serves on the advisory board for the planned megacity of Neom, Saudi Arabia.
Among his other endeavors, Andreessen was the co-founder and president of Ning, a social media network platform designed to help individuals and organizations build custom social networks around specific interests. In 2011, Mod Media bought Ning for approximately $150 million.
Andreessen has attracted criticism over the years for his ill-informed comments. In early 2016, he was criticized for a tweet in which he suggested that anti-colonialism had been harmful to India and its people. Shortly after, he courted controversy for his endorsement of British journalist Milo Yiannopoulos, a right-wing political commentator known for his hateful, racist and sexist views.
Also in 2016, Andreessen received backlash for a professional conflict of interest in which he reportedly privately coached Facebook founder Mark Zuckerberg through the process of winning board approval for a stock change, while Andreessen Served as an independent board member representing stockholders. Facebook shareholders filed a class action lawsuit to block Zuckerberg from creating a new class of non-voting shares.
In 2006, Andreessen married philanthropist Laura Arillaga, the daughter of real estate billionaire John Arillaga and founder of the Silicon Valley Social Venture Fund. Together, they have a son named John.
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