Marc Andreessen Resigns from eBay

Will Schmidt

Marc Andreessen yesterday made the announcement that he would be resigning from the board of directors at eBay. After serving on the board at eBay for six years, Andreessen decided to pull the trigger on his resignation after the board decided to separate eBay and PayPal into independent, publicly traded entities.

“I have complete confidence in John and the board to lead eBay and PayPal through the process of embarking on independent paths in 2015,” says Andreessen.

Andreessen also penned a series of tweets to announce the news to his followers:

The board at eBay will miss having Andreessen and his VC experience around, but the resignation was a mutually accepted agreement. John Donahoe, president and CEO of eBay, had only good things to say about Andreessen.

“Marc has been an extraordinary board member, and we greatly appreciate the leadership, insight and expertise he has provided over the past six years,” says Donahoe. “He has provided invaluable support to me, the board and the entire company.”

All of us at Tech Cocktail want to wish Andreessen, eBay, and PayPal all the luck in the world as they move forward in their own, respective direction.

 

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Will is a Senior Writer with Tech.Co, based out of America's Finest City: San Diego. He covers all territory West of the Mississippi river, digging deep for awesome local entrepreneurs, companies, and ideas. He's the resident Android junkie and will be happy to tell you why you should switch to the OS. When he's off the clock, Will focuses his literary talent on the art of creative writing...or you might find him surfing in Ocean Beach. Follow Will on Twitter @WJS1988