Marc Andreessen Net Worth & Biography



Popular Name: Marc Andreessen
Real Name: Marc Lowell Andreessen
Birth Date: July 9, 1971
Birth Place: Cedar Falls, Iowa, United States
Age: 50
Gender: Male
Nationality/Citizenship: American
Height: N/A
Weight: N/A
Sexuality: Straight
Marital Status: Married
Spouse(s): Laura Arrillaga-Andreessen ​(m. 2006)
Children: 1
Profession: Businessman, Entrepreneur, Investor, Philanthropist, Software Engineer
Years active: N/A
Net Worth: $2 Billion
Last Updated: 2022

American entrepreneur, software engineer, and venture capitalist, Marc Andreessen, is best known to be the co-founder of the computer services company Netscape Communications Corporation. He is also the man behind the creation of the widely-used web browser, Mosaic. Also an experienced investor, he has invested in a lot of internet companies like Twitter, Plazes, Netvibes, and Cast TV. He is serving on several boards, including Opsware, Facebook, and eBay, among others. Mr. Andreessen and his longtime friend and business partner Ben Horowitz, in 2009, founded their venture capital firm, Andreessen Horowitz, aiming at investing in the best new products, entrepreneurs, and companies in the information technology industry. Today, he has made it as an accomplished businessman and one of America’s billionaire software engineers. Here’s everything that there is to know in regard to Marc Andreessen’s biography and net worth.

Early Life: Childhood, Education

Marc Lowell Andreessen was born on July 9, 1971 in Cedar Falls, Iowa, in the United States. He experienced his childhood in New Lisbon, Wisconsin, Where he was raised by his parents, Patricia and Lowell Andreessen, who both worked for a seed company.

In December 1993, he graduated from the University of Illinois at Urbana–Champaign with his bachelor’s degree in computer science.

Professional Life: Entrepreneurial Career

As an undergraduate, Marc interned twice at IBM in Austin, Texas. He worked in the AIX graphics software program development group. He also worked at the University of Illinois’s National Center for Supercomputing Applications (NCSA), where he became accustomed to Tim Berners-Lee’s standards for the World Wide Web.

Following his college graduation, Marc moved to California to work for Enterprise Integration Technologies. He later met with Jim Clark the founder of Silicon Graphics, who saw potential in the Mosaic browser. The two men started an Internet software company called Mosaic Communications Corporation, with Andreessen appointed as vice president of technology. Because the University of Illinois was displeased with the company’s use of the name Mosaic, Marc and Clark changed the name of their company to Netscape Communications. They also changed their flagship web browser’s name to Netscape Navigator. Marc gained widespread recognition in the year 1995 when Netscape made its stock launch. He was featured in a number of online and offline publications, including on the cover of magazines like Time. In 1999, Netscape was acquired by AOL for $4.3 billion. As a contingent piece of the deal, Marc was appointed AOL’s chief technology officer. That year, the MIT Technology Review named him one of the top one hundred innovators in the world under the age of 35.

Later in 1999, following Netscape‘s acquisition, Marc joined hands with In Sik Rhee, Tim Howes, and Ben Horowitz, and together, they co-founded the software company Loudcloud. The company offered hosting, computing, and software services to consumer-facing Internet companies. In 2003, Electronic Data Systems acquired Loudcloud’s hosting business and changed its name to Opsware; Marc served as the chairman. Later, in 2007, Opsware was purchased by Hewlett-Packard for $1.6 billion.

Between 2005 and 2009, Marc and his long-term business partner Ben Horowitz had invested roughly $80 million in 45 startup ventures, including popular microblogging site Twitter. The pair quickly became famous as super angel investors. As a result, they started their own private venture capital company, called Andreessen Horowitz, in 2009.

Located in Menlo Park, the company makes investments in e-commerce, cloud computing, security, gaming, education, and social, among other areas.

Andreessen Horowitz initially started with a capitalization of $300 million; within 3 years, it grew to $2.7 billion. Its portfolio holdings include Foursquare, GitHub, Twitter, Facebook, and Pinterest. Additionally, the company was part of an investor group that acquired a majority stake in Skype for $2.75 billion. The risky acquisition paid off in the year 2011 when Microsoft bought Skype for $8.5 billion.

Mr. Andreessen also has a number of additional business interests outside the companies he established. He sat on the board of directors of eBay for six years from 2008 to 2014 and resigned from the board due to the company’s decision to cease its online payments with PayPal, which he unwaveringly opposed. Marc has gone on to serve on the boards of several other companies, including TinyCo, Facebook, OpenGov, Stanford Hospital, and Oculur VR. He is a personal investor in companies Like LinkedIn and Raine. Furthermore, he also serves as an advisor for the mobile application and web Asana and serves on the advisory board for the intended megacity of Neom in Saudi Arabia. Among his other endeavors, Marc was the co-founder and chairman of a social media network platform called Ning, it was designed to help individuals and organizations build custom social networks around specific interests. In 2011, Ning was sold to Mode Media for around $150 million.

Personal Life: Family, Private Interests

This American entrepreneur has been married to Laura Arrillaga since 2006. They have a son together. Laura is the founder of the Silicon Valley Social Venture Fund. Her father is the Silicon Valley real estate billionaire John Arrillaga.

Marc has a chapter giving advice in “Tools of Titans”, a book by Tim Ferriss.

Marc Andreessen Net Worth: Salary, Income Sources, Assets

Listed as one of the wealthiest software engineers in the United States, Marc Andreessen has built a fortune for himself from his entrepreneurial career where he has founded, funded, and supported multiple business ventures. He is probably best known for his work as the co-author of the first widely used web browser known as Mosaic. He also founded/co-founded various companies including Netscape, Opsware, and Ning, in addition to a host of others that have helped him build a fortune in the tech industry. Additionally, he is a general partner of his own venture capital company and sits on the board of directors of a list of companies including Facebook and Hewlett Packard Enterprise.

Today, Mr. Marc Andreessen’s net worth is estimated at $2 billion. He started setting the foundation for his success as a college student and eventually broke out to become one of the world’s biggest inventors and investors.

You might also like
Leave A Reply

Your email address will not be published.