Andreessen Horowitz has another $1.5 billion to spend, the five-year-old venture capital firm’s fourth megafund. Why? Mobile, cloud, “full stack” businesses, software eating the world and the decline of other VC firms, according to COO Scott Kupor. But in today’s insane numbers, $1.5 billion is still less than the $2 billion the firm’s portfolio company Oculus VR extracted from Facebook in its acquisition deal this week.
This article originally appeared on Recode.net.