Jawbone, the company most known for its headsets seen on the terminally hip kid to your left, has raised $49 million from Andreessen Horowitz to continue to build new devices to take advantage of the smart phone/mobile Web boom. Marc Andreessen and Ben Horowitz invested in Jawbone as angel investors back in 2007, and CEO Hosain Rahman credits Horowitz as one of his most important mentors. Finally, he'll be on Jawbone's board. This round brings Jawbone's capital raised to date to just under $100 million. That's a lot of money. But I'm actually surprised they hadn't raised more. The biggest reason VCs give for not backing more consumer electronics companies is how capital intensive they are, compared to lean and mean Web companies. But getting to a point where you sell 10 million devices in three years doesn't sound capital intensive-- especially when you consider the mega rounds it's taking to scale the biggest consumer Web names.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/nkMNDrIS6FA/
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