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Andreessen Horowitz Part I
Acquired
The Efficient Market Hypothesis Is Wrong
Andreson horwits early sort of reputation is these guyes started a brand new venture firm. They raised too much money, ecause in two thousand nine, a 300 million dollar fund was big. And they're just giving start ups these crazy ations and over payng and blowing everybody else out of the water. It's a the efficient market hypothesis is wrong. Any crash werein is a local minima. So all it matters is, can you get through this localized crash and continue to ride the sort of intrinsic value wave that is the internet and soft ware taking over everything? And it's not easy. Yo write, literally, the title of the book that ben writes...
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