In his interesting, wide-ranging interview at the recent D9 Conference (at about 9:00 p.m. in the timeline), Marc Andreesen says: “Here’s my prediction: Almost every dotcom idea from 10 years ago that failed will succeed. Pet food, diapers, deliveries, they’re all working again now.”
Here’s an article (http://www.wired.com/wired/archive/14.02/mayfield.html) making the same point back in 2006.
In 1999, ideas and entrepreneurial imagination outpaced technology development and user behavior. Point’s still valid, and an enduring lesson for investors.
Comments