Marc Andreessen's New Gamble

In this excerpt from BW columnist Sarah Lacy's book, the co-founder of Netscape backs a social networking site named Ning columnist Sarah Lacy's Once You're Lucky, Twice You're Good: The Rebirth of Silicon Valley and the Rise of Web 2.0 is a look at the latest generation of Web companies and the charismatic figures behind them. Among the newbies: social-networking sites such as Facebook and MySpace (NWS), news site, and the video-host site YouTube (GOOG). In this excerpt from the chapter entitled "The Return of the King," Lacy describes the recent activities of Silicon Valley pioneer Marc Andreessen:

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