The rush to cash in on the next wave of high-growth internet start-ups has enabled Andreessen Horowitz, a venture capital firm with ties to Facebook, to raise $1.5bn in one of Silicon Valley’s biggest recent fund-raisings. Coming in the wake of a sharp fall in the overall amount of money going into venture capital, the development highlights a growing concentration that has left a handful of big firms with even greater sway over the fortunes of US technology start-ups.
Source: Financial Express
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