Ben Horowitz

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Ben Horowitz
Ben Horowitz at TechCrunch Disrupt.jpg
Born (1966-06-13) June 13, 1966 (age 48)
London, England
Alma mater Columbia University (B.A.)
UCLA (M.S.)
Occupation Co-Founder of Opsware and Andreessen Horowitz
Spouse(s) Felicia Horowitz[1][2]

Ben Horowitz (born June 13, 1966 in London, England and raised in Berkeley, California) is an American businessman, investor, blogger, and author. He is a high technology entrepreneur and co-founder and general partner along with Marc Andreessen of the venture capital firm Andreessen Horowitz. He co-founded and served as president and chief executive officer of the enterprise software company Opsware, which Hewlett-Packard acquired for $1.6 billion in cash in July 2007.[3] Horowitz is the author of The Hard Thing About Hard Things: Building a Business When There Are No Easy Answers.[4] In the book, published on March 4, 2014 by HarperCollins, Horowitz offers advice on building and running a startup.[5]

Education and early career[edit]

Horowitz earned a BA in Computer Science from Columbia University in 1988 and an MS in Computer Science from UCLA in 1990.

After UCLA, he began his career as an engineer at Silicon Graphics in the early 1990s. In 1995, Horowitz joined Marc Andreessen at Netscape as one of Netscape’s first product managers. He was rapidly promoted to Vice President and General Manager and was responsible for much of the Netscape Server product line, including 300+ people and $100M+ in revenue. After Netscape was acquired by AOL in 1998, Horowitz served as Vice President of AOL’s eCommerce Division.

Loudcloud and Opsware[edit]

In September 1999, Horowitz cofounded Loudcloud with Marc Andreessen, Tim Howes, and In Sik Rhee. Loudcloud offered infrastructure and application hosting services to enterprise and Internet customers such as Ford Motor Company, Nike, Inc., Gannett Company, News Corporation, the United States Army and other large organizations. Horowitz took Loudcloud public on March 9, 2001.[6]

In June 2002, Horowitz began a transformation of Loudcloud into Opsware, an enterprise software company. He took the first step by selling Loudcloud's core managed services business to Electronic Data Systems for $63.5 million in cash.[7] This transaction transferred 100% of Loudcloud's revenue to EDS while the company was publicly traded on NASDAQ. Beginning with EDS as its first enterprise software customer, Horowitz grew Opsware to hundreds of enterprise customers, over $100 million in annual revenue, and 550 employees. In July 2007, Horowitz sold Opsware to Hewlett-Packard for $1.6 billion in cash.

Horowitz was Loudcloud’s and Opsware’s President and Chief Executive Officer for the entire history of the company. Along the way, shares of Opsware IPO'ed at $6, sank to $0.35 per share at its nadir and traded at $14.25 a share at the time of its sale to HP.

Following the sale of Opsware to Hewlett-Packard, Horowitz then spent one year at Hewlett-Packard as Vice President and General Manager in HP Software[8] with responsibility for 3,000 employees and $2.8 billion in annual revenue.

Andreessen Horowitz[edit]

On July 6, 2009, Horowitz and Andreessen launched Andreessen Horowitz,[9] to invest in and advise both early-stage startups and more established growth companies in high technology. Andreessen Horowitz began with an initial capitalization of $300 million[10] and within three years had $2.7 billion under management across three funds.[11] Andreessen Horowitz has invested in over 150 companies[12] in mobile, gaming, social media, ecommerce, education and enterprise IT (including cloud computing, security, and software as a service).[13] The firms in which Andreessen Horowitz has invested include Facebook, Foursquare, GitHub, Pinterest, and Twitter.[12]

On September 1, 2009, an investor group including Andreessen Horowitz announced it had acquired a majority stake in Skype for $2.75 billion,[14] a move that was considered risky at the time.[15] Horowitz also joined Skype's board. The deal paid off when Skype was sold to Microsoft in May 2011 for $8.5 billion.[15] Andreessen and Horowitz made personal investments in headset maker Jawbone in 2006; the firm announced a $49 million investment in Jawbone in March 2011.[16]

Horowitz's blog on the Andreessen Horowitz web site is syndicated to over 10 million readers,[17] is considered required reading for Silicon Valley entrepreneurs,[18][19] and was named one of “40 Entrepreneur Blogs You Should Be Reading” in 2011.[20] The blog is particularly noted for its persistent use of rap lyrics to complement its business advice.[19] Horowitz's book The Hard Thing About Hard Things is based on his blog posts.[4]

Horowitz and Andreessen were ranked no. 6 on Vanity Fair’s 2011 New Establishment List,[21] no. 1 on CNET’s 2011 most influential investors list[22] and no. 21 and no. 2, respectively, on the 2012 Forbes Midas List of Tech’s Top Investors.[23]

Personal life[edit]

Horowitz is the son of conservative writer and policy advocate David Horowitz. He lives in Silicon Valley with his wife Felicia Horowitz and three daughters. He donates his time to various organizations that include the American Jewish World Service, Columbia University, Stanford Hospital, Silicon Valley Social Venture Fund, Via Ball, and Via Rehabilitation.[24] In April 2012, Horowitz along with Andreessen Horowitz General Partners Marc Andreessen, Peter Levine, Jeff Jordan, John O’Farrell and Scott Weiss pledged to give half of their lifetime income from venture capital to charity.[25]

References[edit]

  1. ^ http://www.forbes.com/sites/jjcolao/2014/03/06/ben-horowitz-gets-real-you-laid-off-people-because-you-f-ed-up/
  2. ^ http://www.businessweek.com/articles/2014-03-12/ben-horowitzs-new-book-women-are-markedly-absent
  3. ^ HP announces acquisition of Opsware on June 23, 2007
  4. ^ a b Swisher, Kara (14 January 2014). "Ben Horowitz Book, “The Hard Thing About Hard Things,” Debuts in March". Re/Code. Retrieved 18 February 2014. 
  5. ^ "About The Book: The Hard Thing About Hard Things". Web page. HarperCollins. Retrieved 18 February 2014. 
  6. ^ CNET coverage of Loudcloud's IPO
  7. ^ ChannelWeb June 17, 2002 coverage of the sale of Loudcloud's managed services business to EDS
  8. ^ HP executive profile of Ben Horowitz
  9. ^ Maney, Kevin. "Marc Andreessen puts his money where his mouth is". CNNMoney. Retrieved 2 August 2012. 
  10. ^ Menn, Joseph. "Andreessen expands venture capital business". Financial Services. Financial Times. Retrieved 2 August 2012. 
  11. ^ Popper, Ben (31 January 2012). "Andreessen-Horowitz raises $1.5B for third fund in three years". VentureBeat. Retrieved 2 August 2012. 
  12. ^ a b "Andreessen Horowitz, Matrix Partners Invest $11.2 Million in Meteor". News Release. PR Newswire. Retrieved 2 August 2012. 
  13. ^ Horowitz, Ben. "http://bhorowitz.com/2011/04/06/andreessen-horowitz-has-a-new-200mm-co-investment-fund/". Ben's Blog. Bhorowitz.com. Retrieved 2 August 2012. 
  14. ^ Wauters, Robin (19 November 2009). "http://blogs.wsj.com/deals/2011/05/10/microsoft-skype-deal-andreessen-horowitz-takes-victory-lap/". TechCrunch. Retrieved 2 August 2012. 
  15. ^ a b Ovide, Shira. "Microsoft-Skype Deal: Andreessen Horowitz Takes Victory Lap". Deal Journal. The Wall Street Journal. Retrieved 2 August 2012. 
  16. ^ Rusli, Evelyn M. (16 March 2011). "Andreessen Horowitz Makes a Bet on Jawbone". The New York Times. Retrieved 2 August 2012. 
  17. ^ Perlroth, Nicole (22 July 2012). "Venture Capital Firms, Once Discreet, Learn the Promotional Game". The New York Times. Retrieved 3 August 2012. 
  18. ^ Stone, Brad. "The New New Andreessen". Features. BloombergBusinessWeek Magazine. Retrieved 3 August 2012. 
  19. ^ a b Using Rap to Teach Pithy Lessons in Business, The New York Times, February 19, 2012 
  20. ^ "40 Entrepreneur Blogs You Should Be Reading". Blog. Elance. Retrieved 3 August 2012. 
  21. ^ "The 2011 New Establishment List: And the Top Spot Goes to...". VF Daily. Vanity Fair. Retrieved 3 August 2012. 
  22. ^ "Marc Andreessen and Ben Horowitz". 12 of the most influential tech investors of 2011. CNET. Retrieved 3 August 2012. 
  23. ^ "2012's Top Tech Investors". The Midas List:. Forbes. Retrieved 3 August 2012. 
  24. ^ "Ben Horowitz". CrunchBase. TechCrunch. Retrieved 13 August 2012. 
  25. ^ McBride, Sarah. "Andreessen Horowitz partners pledge income to charity". Reuters. Retrieved 3 August 2012. 

External links[edit]