Sunday, August 10, 2014

Buzzfeed's New Backers

As you may have heard, giant firm Andreessen Horowitz pumping $50 million into Buzzfeed now.  The Andreessen, of course, is Marc, who backed Obama in 2008 but then endorsed Romney to the tune of at least $100,000 in 2012.  Love this from Business Insider back then:
He has contributed $100,000 to Republican presidential candidate Mitt Romney's campaign via a SuperPAC.
Andreessen is the biggest fish there is in Valley right now. He's on the board of Facebook and HP. He's already a huge investor in startups through his VC firm, Andreessen Horowitz, and he still has billions more to seed.
In this CNBC clip, Andreessen says he supports Romney because he is a "dyed-in-the-wool" businessman who understand that "regulations" get in the way of business. 
Andreessen says he used to support Democrats – like Clinton/Gore, for example – but "I turned 40 last year and so I figured it was time to make the switch."
 Another quote here:   “You do not get a high-end, professional CEO running for president very often.”  This George Packer piece in The New Yorker reveals that his office is sort of "Mad Men" style and he owns the old record player that sat on the desk of that show's Pete Campbell for three seasons.

The Horowitz is Ben Horowitz--son of David Horowitz, the former left-winger turned militant rightwinger.  

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