Ben Horowitz

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Ben Horowitz
Ben Horowitz at TechCrunch Disrupt.jpg
Horowitz at the TechCrunch Disrupt conference on May 24, 2010
BornBenjamin Abraham Horowitz
(1966-06-13) June 13, 1966 (age 52)
London, England
ResidenceAtherton, California, U.S.
NationalityAmerican
Alma materColumbia University
University of California, Los Angeles
OccupationCo-Founder of Opsware and Andreessen Horowitz
Spouse(s)
Felicia Wiley (m. 1988)
Children3
Parent(s)

Benjamin Abraham Horowitz (born June 13, 1966) 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 previously co-founded and served as president and chief executive officer of the enterprise software company Opsware, which Hewlett-Packard acquired in 2007. Horowitz is the author of The Hard Thing About Hard Things: Building a Business When There Are No Easy Answers, a book about startups.[1][2]

Early life and education[edit]

Horowitz was born Benjamin Abraham Horowitz[3] in London, England and raised in Berkeley, California, the son of Elissa Krauthamer and conservative writer and policy advocate David Horowitz. Horowitz's great-grandparents were Jewish immigrants from the Russian Empire who arrived in the U.S. in the mid-19th and early 20th centuries.[4]

Horowitz earned a BA in Computer Science from Columbia University in 1988 and an MS in Computer Science from UCLA in 1990.[5]

Career[edit]

Horowitz began his career as an engineer at Silicon Graphics in 1990.[5] In 1995, Horowitz joined Marc Andreessen at Netscape as a project manager.[6] From 1997 to 1998, Horowitz was vice president for the Directory and Security Product Line at Netscape.[5] After Netscape was acquired by AOL in 1998, Horowitz served as Vice President of AOL’s eCommerce Division.[7]

In September 1999, Horowitz cofounded Loudcloud with Andreessen, Tim Howes, and In Sik Rhee.[citation needed] 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.[8]

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.[9] 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.[10]

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.[citation needed]

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[11] 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,[12] 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[13] and within three years had $2.7 billion under management across three funds.[14]

Personal life[edit]

Horowitz lives in Atherton, California with his wife, Felicia Wiley Horowitz.[15][16] They married in 1988 and have three children.[16]

References[edit]

  1. ^ Swisher, Kara (14 January 2014). "Ben Horowitz Book, "The Hard Thing About Hard Things," Debuts in March". Re/Code. Retrieved 18 February 2014.
  2. ^ David Goldman (March 12, 2014). "In Horowitz's Silicon Valley Tell-All, a Woman's Place Is Strictly Hypothetical". Bloomberg Businessweek. Archived from the original on 2014-03-14. Retrieved 2018-08-21.
  3. ^ "Scholarship funds" (PDF). Columbia College Bulletin 2014-2015. Columbia University. 2014. p. 59. Retrieved February 4, 2017.
  4. ^ Horowitz, David (1997), Radical Son: A Generational Odyssey, New York: Simon & Schuster, pp. 7–12, ISBN 1439135193
  5. ^ a b c "Executive Profile: Benjamin A. Horowitz". Bloomberg LLP. Retrieved February 4, 2017.
  6. ^ Horowitz, Ben (Fall 2014). "The Hard Thing About Hard Things". Columbia College Today. Columbia University. Retrieved February 4, 2017.
  7. ^ Kidder, David (2013). The Startup Playbook: Secrets of the Fastest-Growing Startups from Their Founding Entrepreneurs. San Francisco: Chronicle Books. p. 185. ISBN 1452105049.
  8. ^ CNET coverage of Loudcloud's IPO
  9. ^ ChannelWeb June 17, 2002 coverage of the sale of Loudcloud's managed services business to EDS[permanent dead link]
  10. ^ "HP News, Newsroom, Videos & Podcasts - HP® Official Site". www.hp.com.
  11. ^ "HP executive profile of Ben Horowitz" (PDF).
  12. ^ Maney, Kevin. "Marc Andreessen puts his money where his mouth is". CNNMoney. Retrieved 2 August 2012.
  13. ^ Menn, Joseph. "Andreessen expands venture capital business". Financial Services. Financial Times. Retrieved 2 August 2012.
  14. ^ Popper, Ben (31 January 2012). "Andreessen-Horowitz raises $1.5B for third fund in three years". VentureBeat. Retrieved 2 August 2012.
  15. ^ Helft, Miguel (February 27, 2014). "Silicon Valley's stealth power". Fortune. Retrieved August 20, 2018.
  16. ^ a b Le, Anh-Minh (November 2016). "The Giving Kind". Silicon Valley. Modern Luxury. Retrieved August 20, 2018.

External links[edit]