Growth5 Blog

Saturday, February 21, 2009

Marc Andreessen on Charlie Rose

Marc Andreessen was on Charlie Rose this week. An excellent interview. Marc co-founded Netscape, the social network platform Ning and is an Angel Investor in numerous companies including Twitter and LinkedIn.

Here are some highlights:

1:00 Marc serves on the Board of Facebook. He talks about Facebook's valuation, their 175 million active users, "half of which use it everyday, a lot of those use it 50 times a day."

4:00 The big vision of Facebook is to get from 175 million users to half of the current world's population... 3 billion users.

9:30 Innovation is alive and well.

12:20 "the iPhone is the first true cell phone that is actually a full computer... the iPhone when it landed, was like beamed in from the future."

18:38 Andreessen Horowitz. Marc's first fund. Will focus on investments in the $200k - $1.0 million range... "we're seeing a whole generation of startups that don't need that much money to get started."

27:00 Newspapers. NY Times deathwatch. "Stop the presses tomorrow."

35:00 Charlie gave Marc the following list of people: Marc Andreessen, Bill Gates, Steve Jobs, Sergey Brin, Larry Page and Andy Grove then asked Marc who of that list has had the most important contribution to the world. Who would you pick? Marc chose Andy Grove.

39:45 "Magic Businesses."

43:30 Online gaming.

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At December 30, 2010 at 10:27 AM , Blogger David S.Y. Wong said...

The present Facebook valuations are based on a considerable amount of hype and expectation from relatively few private investors buying up a small slice of the company through stock trading in private companies.


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