Investor Marc Andreessen steps down from eBay board

Silicon Valley investor Marc Andreessen will step down from the board of eBay, weeks after the online marketplace revealed its spinoff of payment processing service PayPal.

Andreessen -- who revealed his plans through a series of tweets -- had served on eBay's board of directors for six years. "I wish eBay, and both of its successor companies, all the best in the years to come & will seek to continue to help as much as I can," he said.

Andreessen oversaw eBay's plan to split from PayPal, announced last month. Both companies will serve as publicly-traded entities starting in 2015.

"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 eBay CEO John Donahoe in a statement.

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