Marc Andreessen is known for Netscape and the social networking platform Ning. Watch him take credit for Internet Explorer and Firefox...

Marc Andreessen appeared on Charlie Rose last night. (The entire interview is embedded above). He gave Rose a primer on everything from Facebook and cloud computing to the mobile Web. But he also tells Rose: “I’m creating a fund.” Actually, Andreessen is creating it with his investing partner Ben Horowitz, and it will formalize the angel investing he has been doing on his own for the past several years. From the transcript:Charlie Rose: Why are you doing this?Marc Andreessen: Because of the nature and the scale of the opportunities. We’re actually been investing ourselves with our own money for three years and we’ve invested in 36 — he and I invested together in 36 deals in three years so about one a month.Charlie Rose: Yeah, but I’ve read that you think that the normal investment for you to make, this may have been prefund, what, was about 100,000 to 200,000?Marc Andreessen: That’s right, and we’re actually going to preserve and extend that model in the fund. So historically we’ve only invested up to $200,000 total in a deal. We’re going to definitely bring that up in the fund because we’re going to raise more money, be able to put more money in. But it’ll be pretty typical for us to do a $500,000 investment or maybe down to 200,000 or maybe up to a million in a deal to start. And what we’re seeing is a whole generation of startups that actually don’t need very much money to get started, so the cloud computing example, or a mobile application, an iPhone developer doesn’t need very much money to get started.Andreessen, who sits on Facebook’s board, also says that Facebook could be generating $1 billion in revenues today if it wanted to, and thinks the New York Times should go all digital.Marc Andreessen: There’s a lot of confusion out there. Facebook is deliberately not taking a lot of the kind of normal brand advertising that a lot of Web sites will take. So you go to ...