(Fixes spelling of Andreessen in headline and in paragraphs 3
* Jordan's first investment in proximity-based messaging
* Partners heading to retreat in Half Moon Bay
By Sarah McBride
SAN FRANCISCO, June 30 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
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
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
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
(Reporting by Sarah McBride; Editing by Mary Milliken and
Gerald E. McCormick)