Venture capitalist Ben Horowitz to leave Lyft board

Ben Horowitz of venture capital firm Andreessen Horowitz will not stand for re-election to Lyft's board of directors, the company disclosed Monday.

Why it matters: Horowitz joined the board in 2016 to replace a fellow Andreessen Horowitz partner who stepped back. The VC firm was one of the earliest investors in Lyft.

The company has not announced a nominee to replace Horowitz yet.