Andreessen Horowitz, the venture-capital firm that has backed technology startups including Facebook, Groupon, Zynga and Skype, announced plans today to donate half of the profits made from investments. The firm, co-founded by Web pioneer Marc Andreessen, will give the money...
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Photograph by Tony Avelar/Bloomberg
Ben Horowitz said the idea to donate half of profits was partly inspired by other venture capitalists who pledged half of their personal income to charity.
Andreessen’s Venture Firm Pledges Half Its Profits to Charity
