Instagram founders and early employees may have been big winners to hit the news but a bunch of venture funds invested and they are now set to reap handsomely once the $1 billion purchase by Facebook goes through. One such firm that will be making a pile of cash but has oddly been lambasted by journalists is Andreessen Horowitz, a venture fund that has invested in some breakout successes in the past including Facebook, Foursquare, Groupon, Jawbone, Pinterest to name a few.
The bone of …

In what is becoming a trend in Silicon Valley, another startup founder has stepped down from active duty in the startup he helped found.
This time it is Pinterest co-founder, former CEO and president Paul Sciarra. Pinterest, which he helped found together with co-founder Ben Silbermann more than three years ago, has seen tremendous growth over the last few months.
The website, which allows users to create and share virtual picture boards, suddenly caught fire a few months ago and moved …

A new bid for a minority stake in Yahoo may soon be made by a consortium which Microsoft is a member of, a new report from Reuters reveals.
Citing an unnamed “source familiar with the matter”, the news organization says that the consortium which counts the software giant Microsoft, private equity group Silver Lake and venture capital firm Andreessen Horowitz is working on a new bid for a minority stake in the once-dominant internet portal.
Reuters says that the consortium led by Silver Lake …