Monday, February 5, 2018

Software is Eating the World

The title here is courtesy of Marc Andreesen, the Founder of both Netscape and VC firm Andreesen,  Horowitz. You can read about his reasoning in this 2011 Wall Street Journal editorial.

He is right, software is eating the world. The editorial runs through a laundry list of industries being upended by software. Today, there is little surprise about this. The one industry Andreesen failed to mention in that early article that would be upended by software was money. This was just a momentary oversight on his part as he and his firm have become vocal proponents of bitcoin, blockchain and crypto.

Andreesen ends the editorial with the following:

Instead of constantly questioning their valuations, let's seek to understand how the new generation of technology companies are doing what they do, what the broader consequences are for businesses and the economy and what we can collectively do to expand the number of innovative software companies created in the U.S. and around the world. 

That's the big opportunity. I know where I am putting my money.

Wise advice, and there is no bigger opportunity for software to attack than the industry known as money.

Disclaimer: This isn't investment advice. In fact, I discourage most from investing in gold and bitcoin because most do not have the tensile strength to take on the existing players and governments. It is very risky.

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