In a big philanthropic statement, venture-capital firm Andreessen Horowitz said its six general partners intend to donate at least half of all their lifetime venture-capital earnings to charity.
Associated Press Marc Andreessen, left, and his longtime business partner Ben Horowitz, who founded their own venture firm in 2009. To kick off that move, Marc Andreessen, a founder of the firm, said he and the five other general partners at Andreessen Horowitz—Ben Horowitz, Jeff Jordan, John O’Farrell, Scott Weiss and Peter Levine—will immediately donate $1 million across six Silicon Valley-related non-profits. Those non-profits include the Second Harvest Food Bank, which aims to alleviate hunger, and The Shelter Network, which is tackling the issue of homelessness.
Andreessen said the charitable gesture is consistent with the venture firm’s philosophy to give back. He added that the move is “absolutely” influenced by his wife, Laura Arrillaga-Andreessen, who teaches philanthropy at Stanford University and recently published a book on giving called “Giving 2.0.”
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