Andreessen Horowitz Announces $50 Million Investment In BuzzFeed

Brad Barket/Getty Images
The news puts BuzzFeed's valuation at $850 million, the New York Times' Mike Isaac reports.
In a post on his blog, AH's Chris Dixon compared the site to Tesla, and Uber, explaining the site has "technology at its core" and will generate "triple-digit revenues" this year:
Its 100+ person tech team has created world-class systems for analytics, advertising, and content management. Engineers are 1st class citizens. Everything is built for mobile devices from the outset. Internet native formats like lists, tweets, pins, animated GIFs, etc. are treated as equals to older formats like photos, videos, and long form essays. BuzzFeed takes the internet and computer science seriously.
Dixon will also be joining BuzzFeed's board.
Click here to read Dixon's full post explaining the investment decision »
Disclosure: Marc Andreessen, co-founder of Andreessen Horowitz, is an investor in Business Insider.
Disclosure: Marc Andreessen, co-founder of Andreessen Horowitz, is an investor in Business Insider.
Wild video shows Florida police officers wrangling a huge alligator in the middle of the street
Elon Musk and more than 1,000 people sign an open letter calling for a pause on training AI systems more powerful than GPT-4
What is an indictment? What it means for someone to be indicted by a grand jury and why Trump was charged
Amul hikes milk price by ₹2/ltr in Gujarat
GST mop-up rises 13% to ₹1.6 lakh crore in March, second highest collection ever
White House refuses to pay for Twitter's Blue verification: Report
Italy bans ChatGPT, orders investigation over privacy breach
IISc researchers design tiny supercapacitor capable of storing large amount of electric charge