Tim Ferriss Show: Marc Andreessen Podcast Notes

Share on facebook
Facebook
Share on twitter
Twitter
Share on reddit
Reddit
Share on linkedin
LinkedIn
Share on whatsapp
WhatsApp

ABOUT MARC ANDREESSEN

Marc Andreessen (@pmarca) is a Software Engineer, Entrepreneur, and Investor. He co-created Mosaic Browser, the first widely used web browser, and is the co-founder of Netscape (sold to AOL for $4.3 billion) and the co-founder of Andreessen Horowitz, a private venture capital firm.

Andreessen Horowitz started with an initial capitalization of $300 million and has grown to $2.7 billion in assets under management. Marc also co-founded Opsware which was sold to Hewlett-Packard for $1.6 billion.

Marc Andreessen was the guest on The Tim Ferriss Show Episode 163 where he discussed Lessons, Books, Investing, Technology, Cryptocurrency, and more.

Here are our takeaways from the conversation.

KEY TAKEAWAYS

  • “Strong Views Loosely Held” – You must have strong opinions on things you care about but you must to ready to change your views when a better view is proposed
  • Marc Andreessen thinks that success should be the goal of entrepreneurs and not failing fast or other forms of failing
  • When it comes to investments, good is the enemy of great.
  • Marc Andreessen recommends reading biographies of great people to understand their minds and know that they were not any different from others before they became successful
  • Big things always look like a cult movement before they eventually become big
  • The faster there is change happening in the world, the better it is for all.
  • Marc Andreessen believes that smart people should build things
  • He doesn’t think about the past and always looks forward

MARC ANDREESSEN QUOTES

  • “I’m old-fashioned. Where I come from, people like to succeed.”
  • “Succeeding should be the goal and not failing. Certainly not faster or slower or any other form of failing.”
  • “I think good is the enemy of great”
  • “Every job we all have…got created as a consequence of the process of change.”

STRONG VIEWS LOOSELY HELD

  • Marc Andreessen believes that there are contrary views expressed through sayings like ‘Fail Fast’ and ‘You have to be determined’ and hence ‘Strong views loosely held’ is a good way to move forward
  • Strong views loosely held eventually boils down to good judgement on the part of the person making the decision

PIVOTING AND SUCCESS

  • Marc Andreessen says that during earlier times there was no word as a pivot and it was called a fuck up
  • He believes that the goal of every entrepreneur and company is to be successful

INVESTING

  • Marc Andreessen believes that Investing should be free of any restrictions caused due to demands/trends and the value of a company should be analyzed based on its offering and how it makes an impact
  • At Andreessen Horowitz, when one partner brings in a deal and has strong views on it, even though the other partners love the deal, they will form a Red Team and thrash it. But at the end of it all, if the person still clings to his strong views, then they make the deal irrespective of the fact that one or more partners don’t like the deal.

GOOD TECHNOLOGY

  • Marc Andreessen doesn’t believe that technology like AI will eventually become evil and have a negative impact on the world. He believes that this is a deep-rooted belief in individuals that is hard to change.
  • Andreessen Horowitz has invested in high-impact technologies like AI-driven drones, self-driving cars, cryptocurrency, and more

MILKEN CONFERENCE 2013

BILLBOARD & TWITTER HANDLE

  • Marc Andreessen would put “Raise Prices” in his billboard in the heart of San Francisco to encourage startups to increase the prices for their offerings
    • His Twitter handle is @pmarca and the letter ‘p’ in the beginning is part of an old joke where one of his earlier bosses used a ‘p’ before his name in his email ID to mean that it was his private email ID. Marc Andreessen and other employees gave themselves a ‘p’ before their names for their email addresses and he uses this on his Twitter handle to this day.

BOOKS RECOMMENDED FOR WOULD-BE ENTREPRENEURS

  1. High Output Management by Andy Grove
  2. Only the Paranoid Survive by Andy Grove
  3. The Hard Thing About Hard Things by Ben Horowitz
  4. Zero to One by Peter Thiel with Blake Masters

BIOGRAPHIES RECOMMENDED

  1. Walt Disney: The Triumph of the American Imagination by Neal Gabler
  2. Schulz and Peanuts: A Biography by David Michaelis
  3. The Wizard of Menlo Park: How Thomas Alva Edison Invented the Modern World by Randall E. Stross

2 TITLES FROM BOOKS THAT MARC ANDREESSEN LIKES

  1. Smart People Should Build Things by Andrew Yang
  2. Be So Good They Can’t Ignore You (From Steve Martin’s Biography – Born Standing Up)

BOOKS MENTIONED

TELEVISION SERIES MENTIONED

RELATED POSTS