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Almost every dot-com idea from 1999 that failed will succeed.
Marc Andreessen
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Marc Andreessen
Age: 53
Born: 1971
Born: September 9
Blogger
Computer Scientist
Engineer
Entrepreneur
Inventor
Investor
Programmer
Software Engineer
Cedar Falls
Iowa
Marc Lowell Andreessen
Idea
Ideas
Every
Dots
Failed
Succeed
Almost
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Innovation accelerates and compounds.
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A lot of things you want to do as part of daily life can now be done over the Internet.
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All's fair in love, war and ride-sharing.
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At Microsoft, they all rock back and forth like Gates, they wear the same glasses, they have the same hair style. Maybe they grow them in tanks.
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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.
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The days when a car aficionado could repair his or her own car are long past, due primarily to the high software content.
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I've been a customer of the top venture capital firms, so I know exactly what they do and don't do.
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My goal is not to fail fast. My goal is to succeed over the long run. They are not the same thing.
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People who tell computers what to do, and people who are told by computers what to do.
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Out of ten swings at the bat, you get maybe seven strikeouts, two base hits, and if you are lucky, one home run. The base hits and the home runs pay for all the strikeouts
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Rule 1: All rules can be broken. Many (ex-legal and ethical) should be. Most people won't.
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When I started Netscape I was brand new out of college and all the aspects of building a business, like balance sheets and hiring people, were new to me.
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China is very entrepreneurial but has no rule of law. Europe has rule of law but isn't entrepreneurial. Combine rule of law, entrepreneurialism and a generally pro-business policy, and you have Apple.
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I know where I'm putting my money.
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Newspapers with declining circulations can complain all they want about their readers and even say they have no taste. But you will still go out of business over time. A newspaper is not a public trust - it has a business model that either works or it doesn't.
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It's an old - and true - cliche that VCs rarely actually say 'no' - more often they say 'maybe', or 'not right now', or 'my partners aren't sure', or 'that's interesting, let me think about it'
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If you're the village blacksmith and a model T comes along, you better become a mechanic. People's lives are better when they get news online versus having to wait for the morning paper. It's a lot more efficient, a lot more real time, a lot less waste.
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Whatever you're selling, storage or networking or security, you're going head to head with the incumbent players.
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In the next 10 years, I expect at least five billion people worldwide to own smartphones, giving every individual with such a phone instant access to the full power of the Internet, every moment of every day.
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