Andreessen Bullish On Silicon Valley, iPhone
Story posted on: September 05, 2008
Innovation in back in vogue again in Silicon Valley, entrepreneur Marc Andreessen is quick to say.
“I’m so bullish on the valley. I’m so bullish on the innovation happening right now,” he said Thursday during an appearance at the Churchill Club in Palo Alto
There is a new generation of entrepreneur in the valley that arrived since 2000 and the pop of the dot-com tech bubble, said the co-founder of NetScape and Ning, his current company. They do not carry the baggage of those days and are more focused on technology than were some of the trendy dot-coms that have since disappeared.
Andreessen said the evidence of this revival is in companies such as Google, VMware and Facebook, where he is a board member.
The next five to 10 years will witness a wave of really interesting startups developing online services and software, he said. Andreessen has co-invested as an angel investor in 15 companies in the past 1½ years with financing rounds of $25,000 to $100,000.
The small rounds keep him from getting upset if a company fails, he said.
Andreessen also is excited about Apple’s iPhone and the pressure it will put on other handset makers to come out with better products.
The iPhone will be 100 million units “before you know it” and maybe a great deal more, he said. “Either (it) will have monster market share or other people are really going to get their acts together.”
By Mark Boslet, Editor at Large.
“I’m so bullish on the valley. I’m so bullish on the innovation happening right now,” he said Thursday during an appearance at the Churchill Club in Palo Alto
There is a new generation of entrepreneur in the valley that arrived since 2000 and the pop of the dot-com tech bubble, said the co-founder of NetScape and Ning, his current company. They do not carry the baggage of those days and are more focused on technology than were some of the trendy dot-coms that have since disappeared.
Andreessen said the evidence of this revival is in companies such as Google, VMware and Facebook, where he is a board member.
The next five to 10 years will witness a wave of really interesting startups developing online services and software, he said. Andreessen has co-invested as an angel investor in 15 companies in the past 1½ years with financing rounds of $25,000 to $100,000.
The small rounds keep him from getting upset if a company fails, he said.
Andreessen also is excited about Apple’s iPhone and the pressure it will put on other handset makers to come out with better products.
The iPhone will be 100 million units “before you know it” and maybe a great deal more, he said. “Either (it) will have monster market share or other people are really going to get their acts together.”
By Mark Boslet, Editor at Large.
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