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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No news is bad news!

At least for those following the Microsoft-Yahoo takeover battle, since silence is maybe not so golden in this case.

Right now, even though Microsoft set a Saturday deadline for starting its proxy battle against Yahoo, the waiting game continues as Yahoo hopes Microsoft will flinch and vice versa.

So, can a fun-packed weekend with the folksy Warren Buffett save the day?

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