American - Businessman | July 9, 1971 -
Perhaps the single most dramatic example of this phenomenon of software eating a traditional business is the suicide of Borders and corresponding rise of Amazon.
Marc Andreessen
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Tech stocks are trading at a 30-year-low when compared to the multiples of industrials (companies). It's the weirdest bubble when everyone hates everything.
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Practically everyone is going to have a general purpose computer in their pocket, it's so easy to underestimate that, that has got to be the really, really big one.
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We have never lived in a time with the opportunity to put a computer in the pocket of 5 billion people.
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I'm quite bullish. We're coming up on year 15 of a flat stock market. Historically that's a pretty good sign. So I'm not a hedge-fund manager but if I was I think I'd be feeling pretty good.
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I don't think objectively we are in a tech bubble when tech stocks are at a 30 year low.
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The smartphone revolution is under-hyped, more people have access to phones than access to running water. We've never had anything like this before since the beginning of the planet.
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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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If you're unhappy, you should change what you're doing.
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I need more raw experience. I've read and watched a lot of things, but I haven't done a lot of things.
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If the Net becomes the center of the universe, which is what seems to be happening, then the dizzying array of machines that will be plugged into it will virtually guarantee that the specifics of which chip and which operating system you've got will be irrelevant.
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PCs don't suck. They're inadequate.
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