Andreessen: Tech monopolies only innovate when forced to compete with startups
Marc Andreessen · Politics & the Future of Tech · Apr 2, 2024 · at 28:21
Marc Andreessen, co-founder of Andreessen Horowitz, discusses monopolistic tendencies and the role of startup competition in tech.
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“It's just that there is something in the nature of monopolies where they just, they have a, you know, if they no longer have to compete and if they're no longer disciplined by the market they basically go bad. And then, you know, how do you prevent that from happening? The way you prevent that is from forcing to compete the way that they have to compete. You know, in some cases they compete with each other, although often they collude with each other, which is another thing. Monopoly and cartel are kind of two sides of the same coin, but, you know, really it's, at least in the history of the tech industry, it's really when they're faced with startup competition. You know, when they've got, you know, when they've got a, when the elephant has a terrier at his heels nipping at him, you know, taking increasingly big bites out of his foot, like that, that's when big companies actually act and when they, when, and when they do new things.”
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