PIF Managing Director Yasir bin Othman Al-Rumayyan attends the Russian-Saudi Investment Forum held at the Ritz-Carlton Moscow Hotel. Sergei Bobylev | TASS via Getty Images DUBAI, United Arab Emirates — Saudi Arabia’s sovereign wealth fund is in talks with American venture capital firm Andreessen Horowitz and potentially others to create a $40 billion fund to … Read more
Welcome, folks, to Week in Review (WiR), TechCrunch’s regular newsletter that highlights notable tech industry happenings over the past few days. Life moves pretty fast, as a young Matthew Broderick once said — we empathize. Fortunately, there’s WiR to get you caught up to speed. In this edition of WiR, we cover a hacker leaking … Read more
As a general rule, any essay that includes the one-sentence paragraph “I am here to bring the good news” is written by someone who wants to take your money, your vote, or your soul. As far as I know, Marc Andreessen, the browser pioneer and cofounder of powerhouse VC firm Andreessen Horowitz, isn’t running for … Read more
Venture capitalist Marc Andreessen posted a manifesto on the a16z website, calling for “techno-optimism” in a frenzied, 5,000-word blog post that somehow manages to re-invent Reaganomics, propose the colonization of outer space, and unironically answer a question with the phrase “QED.” Andreessen’s vision of techno-optimism could seem inspiring: he imagines a Libertarian-esque world where technology … Read more