Andreesen Rings the Register…Again

Marc Andreesen’s Opsware is being bought by HP for $1.45. Over at his blog he has a Oscar-worthy thank you. It is one long list.  Wall Street took the stock to the brink in 2002, but Mark persevered and investors who bought at the bottom witnessed a 40 fold increase in their investment. I bet not too many of those folks are still around.

Thank you to our investors—both the original investors such as Benchmark Capital and Ron Conway who believed in our dream from the start, and the new investors we picked up as our stock rose more than 40-fold since October 2002. One of my favorite facts about this deal is that at our acquisition price of $14.25 per share, everyone who bought and held stock in Loudcloud or Opsware in the public market at any time made money.

Congratulations Mark, and thanks for inventing that browser thing-a-ma-jigger. That Netscape company was cool, too. What’s next, big fella?

HP buys my company Opsware for more than $1.6 biliion in cash
blog.pmarca.com

no position opsw

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