The good news about building a company during times like this is that the companies that do succeed are going to be extremely strong and resilient.
Marc AndreessenThe transformation of Apple is probably the biggest tech story of the last 15 years.
Marc AndreessenTV and the press have always functioned according to the same sets of rules and technical standards. But the Internet is based on software. And anybody can write a new piece of software on the Internet that years later a billion people are using.
Marc AndreessenSmart tech investor thinks about: a) future product roadmap, b) bottoms-up market size & growth, c) talent and skill of team. Essentially you are valuing things that have not yet happened, and the likelihood of the CEO and team being able to make them happen. Finance people find this appalling, but investors who do this well can make a lot of money.
Marc AndreessenAn 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.
Marc AndreessenThere are people who are wired to be skeptics and there are people who are wired to be optimists. And I can tell you, at least from the last 20 years, if you bet on the side of the optimists, generally youโre right.
Marc AndreessenIf you think you can execute a previously failed idea, you just have to be able to show that now is the time.
Marc AndreessenThe transfer is guaranteed to be safe and secure, everyone knows that the transfer has taken place, and nobody can challenge the legitimacy of the transfer. The consequences of this breakthrough are hard to overstate.
Marc AndreessenWe have never lived in a time with the opportunity to put a computer in the pocket of 5 billion people.
Marc AndreessenThere's a new generation of entrepreneurs in the Valley who have arrived since 2000, after the dotcom bust. They're completely fearless.
Marc AndreessenWhatever you're selling, storage or networking or security, you're going head to head with the incumbent players.
Marc AndreessenTechnology 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.
Marc AndreessenBreakthrough ideas look crazy, nuts. Itโs hard to think this way โ I see it in other peopleโs body language, and I can feel it in my own, where I sometimes feel like I donโt even care if itโs going to work, I canโt take more change. O.K., Google, O.K., Twitterโbut Airbnb? People staying in each otherโs houses without there being a lot of axe murders?
Marc AndreessenIf the Net becomes the center of the universe, which is what seems to be happening, then the dizzying array of machines that will be plugged into it will virtually guarantee that the specifics of which chip and which operating system you've got will be irrelevant.
Marc AndreessenOnce you understand that everybody's going to get connected, a lot of things follow from that. If everybody gets the Internet, they end up with a browser, so they look at web pages - but they can also leave comments, create web pages. They can even host their own server! So not only is everybody consuming, they can also produce.
Marc AndreessenMore and more major industries are being run on software and delivered as online servicesโfrom 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.
Marc Andreessen