Marc Jordana

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And it’ll come in handy when the firm announces a new growth fund—expected to close in the coming weeks, a source says—that will add a fresh $2 billion to $2.5 billion for its newest partner, David George, to invest across the portfolio and in other larger, high-growth companies. Under the new rules, that fund will be able to buy up shares from founders and early investors—or trade public stocks. Along with a fund announced last year that connects African-American leaders to startups, the new growth fund will give Andreessen Horowitz four specialized funds, with more potentially to follow. [...] Before founding their venture firm two years later, the pair dabbled in angel investing, where they gained a rebellious reputation, at least by the khakis-and-button-down standards of the Sand Hill Road crowd. Andreessen helped popularize startup advice through his “pmarca” blog, the spiritual predecessor of his ­Twitter stream, which became known for its surprise 140-character micro-essays on subjects from economic theory to net neutrality. (He’s widely credited with popularizing the term “Tweetstorm.”) Horowitz, meanwhile, had a reputation for his ability to cite rap lyrics and his fandom for the relatively rough-and-tumble Oakland Raiders. [...] The formula worked. The firm’s first and third flagship funds, $300 million and $900 million, respectively, are already expected to return five times their money to investors, sources say. Its $650 million second fund and $1.7 billion fourt