Marc Andreessen Puts $15 Million in Genius Media Group
Genius Media Group Inc., a Wikipedia-style site that provides a guide to rap lyrics, has raised $16.90 million, or 97 percent of a $17.38 million offering of Series A preferred shares, led by Marc Andreessen’s venture fund and 23 other investors.
Principals named in the filing by the New York-based startup are the following co-founders, who are listed as executives and directors:
· Tom Lehmann, Yale University graduate who previously worked at D.E. Shaw & Co.;
· Mahbod Moghadam, a Stanford law graduate; and
· Ilan Zechory, a Yale graduate.
Also named in the filing is director Ben Horowitz, co-founder and general partner of the venture fund Andreessen Horowitz.
Andreessen Horowitz invested $15 million, an investment the Netscape founder said “probably didn’t make a lot of sense to outsiders, even bearing in mind that they all first met through Y Combinator.”
“It turns out that Rap Genius has a much bigger idea and a much broader mission,” Andreessen said in a post on Rap Genius, the website of the Genius Media Group. “Generalize out to many other categories of text… annotate the world… be the knowledge about the knowledge… create the Internet Talmud,” he added.