eBay – Andreessen Horowitz has a new secret weapon as it tries to edge out rivals for late-stage deals: Intel’s former CEO
Author: Melia Russell
- Andreessen Horowitz has hired former Intel CEO Bob Swan to invest in growth startups.
- He brings wisdom from overseeing major acquisitions and running publicly traded companies.
- Swan could give the firm an edge as it seeks to continue a trend of record returns.
- See more stories on Insider’s business page.
Andreessen Horowitz has added Bob Swan, the financial sage and former chief executive of Intel, as an operating partner to shepherd its biggest companies to the public markets.
Swan is a “perfect fit” for the firm, said David George, a general partner who oversees the growth funds. He’s seen what it takes to build large tech companies, take them to new markets, and hire executive talent. “All the later things that our growth companies experience at scale – Bob’s lived them across all our major focus areas,” George said.
Swan told Insider that he’s walked “in the shoes of an entrepreneur.” And his work on the firm’s growth team will include finding deals, serving on boards, and guiding founders so that they may avoid the mistakes others make.
You can read this complete story at: https://www.businessinsider.com/andreessen-horowitz-hires-former-intel-ceo-bob-swan-2021-7