Today's stock market actually hates technology, as shown by all-time low price/earnings ratios for major public technology companies Marc Andreessen More Quotes by Marc Andreessen More Quotes From Marc Andreessen My own theory is that we are in the middle of a dramatic and broad technological and economic shift in which software companies are poised to take over large swathes of the economy Marc Andreessen dramatic economic economy There 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 you’re right. Marc Andreessen lasts people years Innovation doesn't come from the big company. It never has and never will. Innovation is something new that looks crazy at first glance. It comes from the 19-year-olds and the start-ups that no one's heard of. Marc Andreessen innovation crazy years In the startup world, you're either a genius or an idiot. You're never just an ordinary guy trying to get through the day Marc Andreessen guy ordinary trying Most of the big breakthrough technologies/companies seem crazy at first: PCs, the internet, Bitcoin, Airbnb, Uber, 140 characters.. It has to be a radical product. It has to be something where, when people look at it, at first they say, ‘I don’t get it, I don’t understand it. I think it’s too weird, I think it’s too unusual.’ Marc Andreessen technology crazy character In short, software is eating the world Marc Andreessen software eating world In a startup, absolutely nothing happens unless you make it happen. Marc Andreessen entrepreneurship intriguing business 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. Marc Andreessen apples law europe You are cruising along, and then technology changes. You have to adapt. Marc Andreessen technology My goal is not to fail fast. My goal is to succeed over the long run. They are not the same thing. Marc Andreessen goal running long 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. Marc Andreessen real morning people You only ever experience two emotions: euphoria and terror. And I find that lack of sleep enhances them both. Marc Andreessen emotion sleep two A lot of things you want to do as part of daily life can now be done over the Internet. Marc Andreessen internet done want Almost every dot-com idea from 1999 that failed will succeed. Marc Andreessen dots succeed ideas People who tell computers what to do, and people who are told by computers what to do. Marc Andreessen computer people Breakthrough ideas look crazy, nuts. It’s hard to think this way — I see it in other people’s body language, and I can feel it in my own, where I sometimes feel like I don’t even care if it’s going to work, I can’t take more change. O.K., Google, O.K., Twitter—but Airbnb? People staying in each other’s houses without there being a lot of axe murders? Marc Andreessen crazy nuts thinking Innovation accelerates and compounds. Each point in front of you is bigger than anything that ever happened. Marc Andreessen innovation bigger growth If you think you can execute a previously failed idea, you just have to be able to show that now is the time. Marc Andreessen able ideas thinking Health care and education, in my view, are next up for fundamental software-based transformation. Marc Andreessen health fundamentals views The gulf between what the press and many regular people believe Bitcoin is, and what a growing critical mass of technologists believe Bitcoin is, remains enormous. Marc Andreessen growing believe people
