But they are a bit different, in that they also offer incubator-like services e.g. marketing and business training to young startups.
So far, they have rasied over US $2.7 billion (within 3 years of starting) for the startups in their portfolio.
Pinterest is the newest social media wonder-kid on the block, where users graphically store and share information of interest to them, namely through the process of pinning (photos, text, videos) unto virtual pinboards.
According to Pinterest, "people use pinboards to plan their weddings, decorate their homes, and organize their favorite recipes".
Pinterest is boasting 11.9 million unique visitors. Anderssen Horowitz is one of the VCs funding Pinterest).
Apparently, VC firms have been recruiting CEOs as EIRs, to enable these VCs, to better-manage their portfolio of startups.
Please read TechChrunch article, "Pinterest Co-Founder Paul Sciarra Is Now EIR At Andreessen Horowitz", for more information re Paul Sciarra's move.
(I would like to thank Kikishua for the use of his Flickr inset photo above entitled,"03 08 11 Sowing the seeds of thyme". It is of plants growing in a petri dish culture (so that growth is monitored and fostered, akin to what VCs do with startups).
1) Article, "Pinterest Co-Founder Paul Sciarra Is Now EIR At Andreessen Horowitz", by Ingrid Lunden, TechChrunch,April 3,2012
2) Andreessen Horowitz website accessed April 3,2012
3) Pinterest About page, accessed April 3,2012