Marc Andreessen
Marc Andreessen
Marc Lowell Andreessenis an American entrepreneur, investor, and software engineer. He is the coauthor of Mosaic, the first widely used Web browser; cofounder of Netscape; and cofounder and general partner of Silicon Valley venture capital firm Andreessen Horowitz. He founded and later sold the software company Opsware to Hewlett-Packard. Andreessen is also a cofounder of Ning, a company that provides a platform for social networking websites. He sits on the board of directors of Facebook, eBay, and Hewlett Packard Enterprise,...
NationalityAmerican
ProfessionEntrepreneur
Date of Birth9 July 1971
CityCedar Falls, IA
CountryUnited States of America
Today's stock market actually hates technology, as shown by all-time low price/earnings ratios for major public technology companies.
I think the tech stock, the public market is still completely traumatized by the dotcom crash. I think the investors and reporters and analysts and everybody is determined to not get taken advantage of again, and that is what everybody who lived through 2000, what they kind of remember.
Most of the software ideas of the late '90s which people tried and failed on--customer relationship management, marketing analytics, supply chain management, B2B procurement--those ideas all made sense and had good business justifications. But the tech wasn't quite there. Many customers who bought early feel bitter. But at some point those things will hit the mainstream and work.
I love what the Valley does. I love company building. I love startups. I love technology companies. I love new technology. I love this process of invention. Being able to participate in that as a founder and a product creator, or as an investor or a board member, I just find that hugely satisfying.
You can't determine whether to build a bridge by counting the number of swimmers. Consumers don't care about technology at the end of the day.
There is an enormous market demand for information. It just has to be fulfilled in a way that fits with the technology of our times.
The joke about SAP has always been, it's making '50s German manufacturing methodology, implemented in 1960s software technology, delivered to 1970-style manufacturing organizations, like, it's really - yeah, the incumbency - they are still the lingering hangover from the dot-com crash.
Every kid coming out of Harvard, every kid coming out of school now thinks he can be the next Mark Zuckerberg, and with these new technologies like cloud computing, he actually has a shot.
An awful lot of successful technology companies ended up being in a slightly different market than they started out in. Microsoft started with programming tools, but came out with an operating system. Oracle started doing contracts for the CIA. AOL started out as an online video gaming network.
More and more major industries are being run on software and delivered as online services—from movies to agriculture to national defense. Many of the winners are Silicon Valley-style entrepreneurial technology companies that are invading and overturning established industry structures. Over the next 10 years, I expect many more industries to be disrupted by software, with new world-beating Silicon Valley companies doing the disruption in more cases than not.
Today's stock market actually hates technology, as shown by all-time low price/earnings ratios for major public technology companies
I think that every technology company that's more than 20 years old will break up
Technology is like water; it wants to find its level. So if you hook up your computer to a billion other computers, it just makes sense that a tremendous share of the resources you want to use - not only text or media but processing power too - will be located remotely.
Any new technology tends to go through a 25-year adoption cycle