Andreessen Horowitz Invests $50 Million In BuzzFeed
Tonight I’m tickled pink to be able to talk about our new investment in BuzzFeed! My partner
@cdixon discusses our new investment in BuzzFeed here.
We think of BuzzFeed as a technology company. They embrace Internet culture. Everything is first optimized for mobile and social. BuzzFeed has technology at its core. Its 100+ person tech team has created world-class systems. Engineers are first class citizens.
On top of its technology core, BuzzFeed’s reporting team is now routinely committing breathtaking investigative journalism.Here are a few examples.
@maxseddon at the Malaysian airlines crash site in Ukraine. @itsjina‘s amazing story of Rwandan women flexing their political muscles. @jlfeder on how Vladimir Putin uses anti-gay policies as a geopolitical strategy. @AramRoston on how the US covertly arms its proxies around the world.
We think the opportunity in front of
@peretti, @BuzzFeedBen, @zefrank, and their colleagues is effectively unbounded. We are very excited to work with everyone at BuzzFeed to help them realize their dreams of a profoundly important new media institution.
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