# DealBook: Instagram Deal Puts Horowitz on Defensive

By [Brandon Donnelly](https://brandondonnelly.com) · 2012-04-25

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Ben Horowitz, the co-founder of venture capital giant Andreessen Horowitz, defended his firm’s decision not to up its stake in Instagram.

  
[DealBook: Instagram Deal Puts Horowitz on Defensive](http://dealbook.nytimes.com/2012/04/23/instagram-deal-puts-horowitz-on-defensive/)

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*Originally published on [Brandon Donnelly](https://brandondonnelly.com/dealbook-instagram-deal-puts-horowitz-on-defensive)*