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.
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:
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