Andreessen Horowitz, the venture capital firm behind Facebook, Twitter and Coinbase, is planning to raise another $6.5 billion across two new funds, according to a report from The Wall Street Journal. The firm, which raised a record $2.2 billion for crytocurrency investments just four months ago, is expected to divide the capital across a late-stage fund and a fund focused on younger startups,...
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Exclusive from The Electric: GM’s New CTO Exits After One Month In the Job
General Motors’ chief technology officer, Gil Golan, is leaving the job after one month, according to an internal company memo distributed today, parts of which were seen by The Electric. Golan’s departure, effective Nov. 1, comes one week after a profile in The Electric in which he described a plan to aggressively expand the company’s work in batteries, create a “dream team” of battery...
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