US venture capital (VC) firm Andreessen Horowitz is bringing on London-based mobile analyst and pundit Benedict Evans in a move that will see the Brit relocate to Menlo Park, California.
Unlike the majority of recruits taken on by the billion dollar VC, Evans does not have an entrepreneurial background. Instead, he has carved out his career over the past 15 years working as an analyst/strategist for tech, media and telecoms organisations.
Evans began his career as a sell-side analyst equity analyst before moving on to work for French mobile operator Orange as a group strategy manager, Channel 4 as a consultant and NBC Universal as a director.
More recently he’s been working for London firm Enders Analysis, where he’s been producing insightful graphs on the global mobile market and providing technology journalists with useful context to their stories.
Early reports suggest that Evans will not be be joining Andreessen Horowitz as a partner, but instead as an in-house analyst and consultant, where he will be tasked with helping the team make investments.
“Late last year I spent some time with the Andreessen Horowitz team, and it’s pretty clear that this is one of the best places there is both to see those dents being made but also, given the a16z model, to contribute a little to that process,” said Evans in a blog post on his own site.
“So I’m happy to announce that in February I’ll be joining a16z in Menlo Park. I’ll continue to analyse the industry in public, here and elsewhere online, but in addition, I’ll now be working with the rest of a16z to find, understand and support great ideas and great companies.”
Andreessen Horowitz was founded in 2009 by Marc Andreessen and Ben Horowitz with an initial fund of $300 million. As of January 31, 2012, the firm was managing $2.7 billion in assets.
The VC has been able to increase the size of its fund by investing early in the likes of Skype and Twitter. Today it is said to be invested in 156 companies, which includes its own portfolio of 90 companies and 66 start-ups. The investments span the mobile, gaming, social, ecommerce, education and enterprise IT (including cloud computing, security, and software as a service) industries.
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