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In reply to @pmarca
11/25/2022
Marc Andreessen@pmarca
Generally, ~everyone acquitted themselves poorly. VCs overinvested in the boom, underinvested in the bust. Public investors bought high, sold low. CEOs bled their companies out over time instead of taking their medicine up front. The press was overly positive before, and then went psychotic after and never recovered.
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In reply to @pmarca11/25/2022
Marc Andreessen@pmarca
But, day does follow night, capitalism works, the market recovered, and 2004-2021 was a far bigger boom than 1994-2000 and deservedly so.
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