While Silicon Valley superstar investor Marc Andreessen found wisdom in fellow venture capitalist Bill Gurley’s criticism of startups burning through money at a dizzying pace, it seems Andreessen has a big caveat.
Naturally, he banged out his thoughts in a series of tweets, in his now imitated style known as a tweetstorm.
Long tweetstorm short: Sometimes if you see a big opportunity as an investor, you’ve just got to put up the money, so the startup can spend like crazy and in time become a hit.
That thinking lines up with the spirit at many of the still privately owned companies that have taken on hefty multimillion-dollar funding rounds in the past couple of years, including Airbnb, AppDynamics, Box, Cloudera, Dropbox, GitHub, Hortonworks, Lookout, Lyft, New Relic, and Pinterest.
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In case you’re wondering, Andreessen’s venture firm, Andreessen Horowitz, has invested in Airbnb, Box, GitHub, Lookout, and Lyft, among others.
Read the tweetstorm for yourself and come to your own conclusions:
https://twitter.com/pmarca/status/515216011277398016
https://twitter.com/pmarca/status/515534046424616960
https://twitter.com/pmarca/status/515534312582557696
https://twitter.com/pmarca/status/515534592502026240
https://twitter.com/pmarca/status/515535571326730240
https://twitter.com/pmarca/status/515535763639767040
https://twitter.com/pmarca/status/515536006443835392
https://twitter.com/pmarca/status/515536663825485824
https://twitter.com/pmarca/status/515536776526454785
https://twitter.com/pmarca/status/515536893174218752
https://twitter.com/pmarca/status/515537134510292993
https://twitter.com/pmarca/status/515537346171633665
https://twitter.com/pmarca/status/515537445517938688
