New $1.5bn VC fund for tech

Bucking what most are saying is a rapid tech slowdown, VC firm Andreessen Horowitz has announced a new $1.5bn investment fund – its fifth since it opened its doors in 2009.

In an announcement, the company argued that "the market opportunity for successful new technology businesses is bigger than ever," and highlighted cloud, mobile and "full-stack" business (full-stack meaning a company that covers every aspect of a market) as likely targets.

It also expressed excitement about machine learning, artificial intelligence, security, and networking start-ups. ®