
Calacanis wants at least a $250,000 financial commitment from interested investors, from which he will take an $18,000 fee.
Andreessen Horowitz specializes in investing in seed, start-ups, early, mid stage, growth, and late stage.
Andreessen Horowitz (also called a16z) is a private American venture capital firm, founded in 2009 by Marc Andreessen and Ben Horowitz. The company is headquartered in Menlo Park, California.
Andreessen Horowitz invests in both early-stage start-ups, which may raise just $50,000, and established growth companies, which often raise tens of millions of dollars. Andreessen Horowitz’s investments span the mobile, gaming, social, e-commerce, education and enterprise IT (including cloud computing, security, and software as a service) industries.
Calacanis wants at least a $250,000 financial commitment from interested investors, from which he will take an $18,000 fee.
The $25 million seed round is said to be used for the development of the company and the expansion of its team.
LootRush revealed that it is approaching its official launch.