they’re primarily interested in buying into any company,
no matter how flash-in-the-pan, where Andreessen Horowitz
can exit its investment for a large multiple of whatever
it bought in at.
It's worth mentioning that this behavior isn't unique to Andreessen Horowitz.
This also makes me wonder if this type of attitude might be hurting the long term prospects of our economy.
I had similar thoughts while reading the article. If the market is rewarding people who are not creating long term value, where does that leave innovators that do?
Comments
This also makes me wonder if this type of attitude might be hurting the long term prospects of our economy.
Yes, it is.
http://en.wikipedia.org/wiki/Rent_seeking
I had similar thoughts while reading the article. If the market is rewarding people who are not creating long term value, where does that leave innovators that do?