$160 million payday for Andreessen

By Gary Jacobson

July 24, 2007 at 8:32am

Serial entrepreneur Marc Andreessen has done it again.

The founder of Opsware will receive about $160 million as his share of the company’s $1.6 billion sale to Hewlett-Packard. On his blog Monday, Andreessen described the eight-year run of his company, which began with the name Loudcloud, as an “unbelievable journey.”

“Loudcloud took off like a rocketship,” Andreessen wrote, “raised $350 million in equity and debt financing, went public in March 2001, and was rapidly nearing $100 million in annual recurring managed services revenue when the entire market blew up and virtually all of our competitors and peers went bankrupt.”

He said the company did a complete restart, with a new name, in September of 2002. The company now has more than $100 million in annual revenue, 550 employees and is one of the fastest growing software firms in the world, he wrote.

What’s next for Andreessen, who also helped start Netscape? He told The New York Times that he plans to jump directly into Ning, a Silicon Valley start-up that allows computer novices to develop their own social networking sites.

Follow Muckety on Twitter Tweet This! Share on Facebook

Click here to sign up for the Muckety Newsletter

This post is tagged with: , , , ,
 Read related stories: Business  


  • There are no comments yet, be the first by filling in the form below.

Leave a Comment

The relationship map to the left is interactive.
• Solid lines are current relations. Dotted lines are former relations.
• Expand items with + signs by double-clicking or by selecting multiple items in the map and pressing the "e" key.
• Move an item in the map by clicking and dragging.
• You can also delete items, separate boxes and save maps. Right-click on the map or select Map Tools for these options.
• Find out more about an item in the map by right-clicking on the item and choosing Information about...
• View map color key.
• This interactive map requires Flash player.

Become a fan of Muckety on Facebook

  • Search for stories
    Special Features

Follow Muckety on Twitter Follow Muckety on Twitter
Muckety has no direct connection to most of the people or organizations listed on these pages.
We are unable to forward personal messages or provide personal contact information.
We make every effort at Muckety to ensure that our data is correct and timely. However, relationships are in constant flux and we cannot guarantee accuracy. If you come across incorrect or outdated information, please let us know by email.
© 2017 Muckety LLC