It’s finally official: Marc Andreessen has crossed over to what he once called “the dark side” and is now a venture capitalist.

Several weeks ago, BoomTown broke the news that the Silicon Valley legend and serial entrepreneur and his longtime investing partner, Ben Horowitz, had completed the raising of $300 million for a new venture fund.

And, indeed, the new firm–which is made up of just the two–is now launched and called Andreessen Horowitz.

Of course, I had done a video interview with Andreessen with my Flip.

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Even in the midst of a tough investing environment, Silicon Valley legend and serial entrepreneur Marc Andreessen and his longtime investing partner, Ben Horowitz, have completed the raising of his new venture fund, according to the numerous sources close to the situation, and it is oversubscribed.

Sources said the fund–which was nicknamed “Project A,” but is actually called Andreessen Horowitz–will be $300 million. It is $50 million over the $250 million he and Horowitz had planned.

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Last night, well-known Internet entrepreneur Marc Andreessen appeared on the “Charlie Rose” interview show, talking about the digital sector and unveiling the news that he is creating a new venture fund.

I had heard rumblings about Andreessen’s funding efforts earlier this week, with sources I talked to jokingly nicknaming it “Project A.”

Actually, Andreessen said the new firm is called Andreessen Horowitz (zzzz), because he is doing it with longtime investing partner Ben Horowitz.

“For the first time in my life, I am crossing over into the dark side,” said Andreessen.

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Bucking a trend of contraction in the venture industry, Accel Partners today announced that it had raised two funds totaling $1 billion.

The well-known VC firm said that it had closed the $480 million Accel Growth Fund and the $525 million Accel London III.

The first will be managed from its Palo Alto, Calif., HQ, focusing on “growth equity” across several sectors, while the London fund will be managed there and aim to invest in early-stage and growth companies across Europe and Israel.

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