Marc Andreessen Evaluates People, Not Tech
This week on our Masters in Business radio podcast, we sit down with Marc Andreessen of Andreessen Horowitz,which he describes as a venture capital firm that's in the business of evaluating people, not technology.
Andreessen and his partners sift through 2,000 ideas a year. They review pitches twice a week, winnowing the referrals down to 300. Their challenge is to cut that down to just 30, or about 1.5 percent of the total. The firm has investments in about 500 companies.
Those who beat the odds by making it past the blonde wood conference room don’t have it easy. Andreessen notes it is no fun to do a startup; it’s lots of stressful work, with founders feeling like they are under assault all the time.
Andreessen said that getting a first look at “2,000 of the smartest people in the world” is a huge strategic advantage. It's “hard to be pessimistic in this job,” he said.
You can stream/download the full conversation, including the podcast extras, on iTunes, SoundCloud, Overcast and Bloomberg. All of our earlier podcasts can be found on iTunes, SoundCloud and Bloomberg.
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