Marc Andreessen on his best investment advice and 4 other insights

In a new book, David Rubenstein asks Marc Andreessen"lighting-round questions" about his investing philosophy.

As I recall, we first wanted to understand what the internet was, and then we proceeded to ask why anyone would want to navigate it. When we got past that, we focused on our greater area of expertise — the cost of participating. The valuation for this new company with no revenues was to be over $100 million.

That company was Netscape. It was later sold to AOL for $4.2 billion, and Marc became the chief technology officer of AOL. I wish I had known at our first meeting precisely how much of a tech wizard Marc really was— or how much of a venture-investing wizard he would turn out to be.

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