Marc Andreessen's new fund

Can Marc Andreessen save venture capital as we know it? Is it worth saving? He's certainly bent on trying. The launch of Andreessen Horowitz is about as splashy as it gets in the VC industry these days. The one-time Netscape wunderkind, who was rolled pretty badly by Microsoft before he re-established himself as an advisor to companies and entrepreneur, has big hopes for his $300 million, which some suggests might reinvent the VC industry.

Angels have long been a thorn to traditional VCs. Andreessen's solution is to allow small bets as well as large ones. He notes that the start-up costs for companies today are minuscule compared to the dot.com era. "A company that needed $20 million to get a product out the door in the late 1980s now needs just $200,000," according to Fortune, which offers a long profile. Will he be the next great technology investor? 

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