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Andreessen unveils plans
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October 27, 1999: 8:15 a.m. ET
But Netscape co-founder is vague about details for Loudcloud.com
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NEW YORK (CNNfn) - Internet wunderkind Marc Andreessen, a co-founder of Netscape Communications and, until last month, chief technology officer of America Online Inc., has unveiled plans for his month-old Internet start-up, Loudcloud.com Inc.
While not disclosing many details, Andreessen said the new Menlo Park, Calif.-based firm will focus on accelerating Internet business creation and growth.
"We're being deliberately vague," Andreessen said Tuesday at a press conference. "We're going to come back in early 2000 and have more details."
Andreessen has teamed with several ex-Netscape employees, including Loudcloud's co-founder and CEO, Ben Horowitz, who also left AOL (AOL) in late September. Andreessen is listed as the company's co-founder and chairman. According to reports, Loudcloud is privately funded by Andreessen and other employees.
Andreessen co-founded Netscape with ex- Silicon Graphics CEO Jim Clark and served as CTO and executive vice president of products. He made the transition to AOL in the role of CTO following its acquisition of Netscape on Nov. 24, 1998.
"Internet sites themselves are becoming incredibly sophisticated and complex, and every company is under intense pressure to move as fast as possible to address increasing competitive challenges," said Andreessen.
"Loudcloud will capitalize on these trends by delivering technology and services high-growth Internet companies need to compete and win." 
-- from staff and wire reports
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Loucloud.com
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