Andreessen Horowitz hired Ted Ullyot, a former Facebook Inc. general counsel, to build a new policy and regulatory affairs group for the venture capital firm.
Ullyot, who was at Facebook from 2008 to 2013, also worked as partner at law firm Kirkland & Ellis LLP, served as chief of staff at the U.S. Department of Justice and was deputy assistant to President George W. Bush.
Andreessen Horowitz, founded in 2009 by Marc Andreessen and Ben Horowitz, has made investments in fast-growing technology companies, including Facebook, Lyft Inc., Box Inc., BuzzFeed Inc., Airware and many others. The formation of the firm’s policy and regulatory affairs group comes as startups like ride-sharing mobile-app Lyft and drone company Airware are facing off against established, well-financed and heavily regulated industries.
“It’s not a lobbying position,” Ullyot said. “The idea is to make sure the lines of communication are open,” whether dealing with lawmakers in Sacramento, Brussels or Washington, he said.
During Ullyot’s time at Facebook, the company fought off a lawsuit from Tyler and Cameron Winklevoss and settled a patent fight with Yahoo! Inc. It’s at the social-networking company that he worked with closely with Andreessen, a Facebook board member.
“There are so many areas where having a productive relationship with lawmakers becomes valuable for our portfolio companies,” said Margit Wennmachers, a partner at Andreessen Horowitz.
Bloomberg LP, the parent of Bloomberg News, is an investor in the venture capital firm.