Marc Andreessen (co-founder of Andreessen Horowitz) explains how timing, rather than flawed concepts, accounted for late-1990s dot-com failures.
Prediction Not checkable as stated
Andreessen: Open internet access makes Soviet-style totalitarianism impossible over time
“I mean, I guess I'm an optimist on this point. Like, I tend to think open access information basically makes a lot of these historical things, you know, fundamentally impossible. Not, you know, not necessarily, you know, not all centralized institutions get to…”
Opinion
Andreessen: Qualified tech founders do not have bad ideas, only timing issues
“I no longer think there are any qualified people starting tech companies that actually have bad ideas. I think all the ideas are good ideas. I think it's just a question of timing and execution.”
Insight
Andreessen: Incumbents fight new technology because it reorders power and status structures
“It proposes this basically three-step process and sort of you know, step one is basically just, like, flat out ignore, right? New technologies are just, like, dismissed. All, all the experts and all the people who are kind of in power, you know, just kind of s…”
Insight
Andreessen: Internet's core conflict is reinforcing versus disrupting top-down power
“I think what we have now is kind of at the sort of deepest level, what we have is kind of this big fight between people who want to use the internet to basically reinforce top-down power versus people who want to use it to disrupt top-down power.”
Disclosure
Andreessen: a16z Uses Single Trigger Puller Model Without Investment Committee Vetoes
“So our model is what we call single trigger puller. There's no vote. There's no investment committee. There's no override. There's no, like, I don't, you know, I formally sign off on all, you know, Ben and I formally sign off on all the investments, but like, …”
Insight
Andreessen: Senior VCs Reach an 'Idea Event Horizon' and Reject New Paradigms
“There's a point a lot of people reach where they're just done with new ideas. It's like the general version of the problem. It's just like, okay, like I got through the PC. I got through the internet. I got Facebook. All right. I got, okay. Food delivery works…”