Stanford Business School: Marc Andreessen on Big Breakthrough Ideas and Courageous Entrepreneurs

Full talk here

  • People are much more highly sensitized to bubbles after a bubble. If you could be sensitized before a bubble you could make a lot more money. [2:00]

  • Market sizes have expanded gigantically. [4:10]

  • What has been lost is the actual art of building a business. Specifically the art of sales and marketing. [8:32]

  • Two traits Marc looks for: Courage and Genius. We spend a lot of time talking about courage because it is the one you can learn. Courage is not giving up in the face of adversity. Being absolutely determined to succeed. Courage without genius might not get you where you need to go, but genius without courage almost certainly won’t.  [19:29]

  • The nature of breakthrough ideas is they are not predictable. Upon the first contact, they seem nuts. All the crazy ideas also seem nuts. [33:56]

  • We think the technology industry has made the world a radically better place. And we think it is just starting. We are just now reaching the point where we can apply technology to a lot of really fundamental problems and opportunities. [39:55]