REFILE-Andreessen Horowitz hires OpenTable's ex-CEO

Thu Jun 30, 2011 4:00pm EDT

(Fixes spelling of Andreessen in headline and in paragraphs 3 and 7)

* Jordan's first investment in proximity-based messaging

* Partners heading to retreat in Half Moon Bay

By Sarah McBride

SAN FRANCISCO, June 30 (Reuters) - Venture capital firm Andreessen Horowitz landed its second big-name hire in a single week: former OpenTable Inc OPEN.O CEO Jeff Jordan.

Jordan, whose departure from the Web restaurant reservation service was announced in May, will join the influential Silicon Valley venture capital firm as a partner, Andreessen Horowitz said on Thursday.

That comes on the heels of former U.S. Treasury Secretary Larry Summers, who joined Andreessen Horowitz as a special adviser this week.

With the addition of Jordan, the Silicon Valley firm now has five partners. The others are Scott Weiss, founder of messaging-security company IronPort; John O'Farrell, formerly of smart-grid company SilverSpring Networks; and founding partners Ben Horowitz and Marc Andreessen.

Jordan said he had been talking with various venture capital firms, but wanted to be "with a platform entrepreneurs seek out."

He said adding more partners will not slow the firm, but remaining agile will be a key topic at the firm's two-day partner retreat in Half Moon Bay, California, starting later Thursday.

Andreessen Horowitz also announced a $5 million investment in LikeALittle, a service that allows college students to flirt and meet up with people around them. Jordan will join the company's board. Andreessen Horowitz led a $1 million seed round in the company earlier this year.

Jordan announced during OpenTable's earnings call that he was leaving the company. Chief Financial Officer Matthew Roberts is replacing him, but Jordan will retain an executive chairman role.

Andreessen Horowitz launched in 2009 and has quickly become one of Silicon Valley's most prominent venture capital firms. It has become known for paying top dollar for investments in promising companies, particularly in the consumer-Internet area. (Reporting by Sarah McBride; Editing by Mary Milliken and Gerald E. McCormick)