Andreessen-Horowitz, the prestigious VC firm started by Silicon Valley veterans Marc Andreessen and Ben Horowitz, has just announced that it’s added its fifth general partner: Jeff Jordan, the former CEO of OpenTable and former executive at PayPal and eBay.
In conjunction with the news, A-H is also announcing Jordan’s first investment: a Series A funding round in hot Palo-Alto based startup LAL (also known as LikeALittle). When it’s completed, the round will total over $5 million in new funding for the company. Also contributing to the round are notable angel investors who include TechCrunch founder Michael Arrington (see below).
Oh, and we hear that LAL landed a valuation of over $35 million. Not bad for a startup that got its start last fall as a college flirting site.
This is actually A-H’s second investment in LAL in the last few months — it also participated in a seed round in late April. Neither Jordan nor LAL had much to share about LAL’s progress aside from the funding, but it’s clear that A-H has high hopes for the company and how it will deliver local context (which is a problem plenty of other apps are trying to solve as well).
As for Jordan’s addition as a partner, Marc Andreessen says that the firm has been on a two-year search as it sought to expand the team (in addition to Andreeseen and Horowitz, the other general partners are Scott Weiss, John O’Farrell, and now Jordan). Andreeseen says that over the course of many conversations with startups, Jordan’s has been a name that regularly comes up —either as someone that a startup already has, or wished they had — as a board member or advisor.
You can find LAL founder Evan Reas’s blog post on the funding here.
Note: As noted above, TechCrunch founder Michael Arrington is investing in LAL. You can read more about his investment policy here.