I saved this Marc Andreessen Charlie Rose interview on TiVo because Andreessen is brilliant and loves to share his insight. Months later, as the iPad is coming out and the internet continues to dominate our lives, this Silicon Valley maverick reveals how much he knows about how start-ups and the Internet work from in front. He just gets it. He co-founded and sold Netscape to AOL for $1 billion, and more recently, created Ning and a start-up fund (Andreessen/Horowitz). As an investor and/or board member, his fingers are in many pies, from Twitter to Facebook.
His take on broken old media and bank models reflects my belief in indieWIRE. It makes more sense to build a working online trade from the ground than to try to fix a broken old model. And that’s the issue in general. He says the New York Times should pull the plug on the print edition as soon as possible. If you’re getting 90% of your revenue from the old expensive model and 10 % from the future model, you will never invest enough of your resources in the future until you abandon the past.