Andreessen Horowitz Bets Big on GitHub

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http://ectnews.com.feedsportal.com – Andreessen Horowitz is investing $100 million in GitHub, the San Francisco startup that provides online resources for software programmers. It's the largest investment the venture capital firm has ever made. Github's acceptance of the cash is notable. Unlike many startups, the company has been profitable since its 2008 beginnings, and it's turned down investment offers in the past. But the two companies were mutually won over by leadership hoping to take the software development industry to new heights, according to company officials. (General)