Many people on Wall Street - and a number of telecommunications experts I spoke to this week - were stunned by the price Skype sold for, and not just because we’re in the middle of a recession. To make matters more exciting, other investors and writers broadly criticized the deal. While consistent with our stage-agnostic strategy, it was a very big deal very early on in the fund. Marc and I were known as angel investors, so investing a lot in one deal surprised people. The investment generated a tremendous amount of controversy for us. ![]() Shortly after we started Andreessen Horowitz in mid-2009, we, along with our partners at Silver Lake Partners and Canada Pension Plan Investment Board, bought majority ownership of Skype from eBay. ![]() I used to be ballin’, but now I’m Bill Gate-in
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