November 20th, 2012 | Add a Comment
Silicon Valley venture firm Andreessen Horowitz has brought on its first new partner in two years. The firm’s new hire Chris Dixon is a New York City-based angel investor and two-time entrepreneur.
Most recently, Dixon was tasked with running eBay’s New York headquarters, and improving the e-commerce giant’s recommendations engine. He was brought into the fold after eBay acquired his startup, Hunch. Dixon’s first company SiteAdvisor was acquired by McAfee.
It’s a big win for Andreessen — as an investor, Dixon has built up a strong reputation for supporting New York CIty’s entrepreneurs. He has dabbled in angel investing for over seven years, and successes include Foursquare, Kickstarter, Dropbox, Pinterest, Codecademy, Stack Overflow, and Skype. He also co-founded a East Coast seed venture fund called Founder Collective.
Storied investor Marc Andreessen authored a blog post outlining the reasons the firm hired Dixon as its seventh general partner. “Chris began programming at 8 (beating me by a whole year), starting on a TRS-80 Model 1,” he said. Andreessen was also impressed that Dixon left Bessemer Venture Partners, one of the oldest venture firms where he worked as an associate, to start his first company.
Dixon will based in California but will maintain his residence on the East Coast. He said he will invest in both consumer and enterprise startups at all stages, including seed.
At this juncture, nine months after joining eBay, Dixon said he considered launching another company, but after some serious soul-searching, he realized his talents would be better served as an investor. “Startups are tough,” he said. “I thought it might be time to try something else.”
In a phone interview from Andreessen Horowitz’ office, he told me that he has been impressed with the firm’s “new model,” and worked closely with them as a co-investor in New York-based startup, Foursquare.
“They have a marketing team and recruiting team as well as a focus on investment,” he said. “As an entrepreneur, I would have loved to have that support infrastructure.”
Dixon, a prolific blogger, announced the news in a blog post today.
Written by SNBC
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