CO-FOUNDED LOUDCLOUD INC.
The next month Andreessen announced the formation of a new company called Loudcloud Inc. which would provide technology, infrastructure, and services to Internet companies and e-commerce Web sites. The company was co-founded by Andreessen, who would serve as chairman, and Ben Horowitz, who became president and CEO. Loudcloud officially opened for business in February 2000 with seven customers and $68 million in venture capital financing. By mid-2000 Andreessen had raised another $120 million in capital. In March 2001 Loudcloud went public, selling 25 million sharees, and raising $150 million through its IPO in an investment climate unfavorable to Internet-based start-ups. In the interval since Netscape's IPO—the first for an Internet company—some 420 dot-coms and Web companies had raised funds through IPOs. With Internet companies out of favor with investors, Loudcloud's may have been the last IPO for an e-commerce company for some time. As noted by business educator John H. Freeman, in Business Week, "There's no question the whole mind-set of businesses and investors has changed. An era has ended. Loudcloud confirms it."
FURTHER READING:
Byron, Christopher. "Netscape Founder Offers a New Cash-Burning Dot-Com." Los Angeles Business Journal. February 26, 2001.
Chandrasekaran, Rajiv. "Netscape's Boy Wonder Looks Beyond the Browser." Washington Post. March 25, 1997.
Elmer-DeWitt, Philip. "How the Internet Was Tamed." Time. September 26, 1994.
Hazlewood, Sara. "Andreessen: AOL's New Evangelist." The Business Journal. April 2, 1999.
Henry, Shannon. "Andreessen to Start New Firm." The Washington Post. October 27, 1999.
Herhold, Scott. "Netscape Co-Founder to Launch Start-Up as Talent Exodus Continues." Knight-Ridder/Tribune Business News. October 26, 1999.
Hill, Jonathan. "Marc Andreessen and Ben Horowitz." Internet World. October 15, 2000.
Holzinger, Albert G. "Netscape's Founder Points, and It Clicks." Nation's Business. January 1996.
Kaplan, David A. "Nothing but Net." Newsweek. December 25, 1995.
"The Last Days of Net Mania." Business Week. April 16, 2001.
Nash, Kim S. "Hey! Don't Call It a Browser." Computerworld. October 21, 1996.
"A New Electronic Messiah." The Economist (US). August 15, 1995.
"A Pioneer Once More." Business Week. February 28, 2000.
Sliwa, Carol. "Andreessen Targets Web Outsource Model." Computerworld. September 25, 2000.
"Spinning a Golden Web." People Weekly. September 11, 1995.
Tetzeli, Rick. "What It's Really Like to Be Marc Andreessen." Fortune. December 9, 1996.
Tetzeli, Rick, and David Kirkpatrick. "Marc Andreessen: 'The Concept of Being Always on Is a Very Powerful One."' Fortune. October 9, 2000.
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