“Worry.”
Now Marc Andreessen Says Tech Has a Burn Problem, Too
Peter Kafka covered media and technology, and their intersection, at Vox. Many of his stories can be found in his Kafka on Media newsletter, and he also hosts the Recode Media podcast.
— Andreessen Horowitz’s Marc Andreessen, concluding one of his “tweetstorms,” this time warning tech startups (and their investors) that too many of them are burning too much cash, and will “VAPORIZE” when the market turns, “and it will turn.” Andreessen’s admonishment is part of a mini-trend for high-profile venture capitalists, kicked off by Benchmark’s Bill Gurley and seconded by Union Square Ventures’ Fred Wilson. For the past few years, and as recently as January, Andreessen had argued that there was no tech “bubble”; now, he says, “It is possible to overdo a good thing. Which is what I’m worried about now.”
This article originally appeared on Recode.net.
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