Marc Andreessen Gave A Big Pep Talk To eBay's Top People, And Every Company Should Hear It

Marc Andreessen Bloomberg West

Photo: Bloomberg Television

Marc Andreessen sits on the eBay board of directors and, after a recent meeting, he took a few minutes to speak to the top technical leaders from the company.His speech was basically a pep talk and it had a clear message: The reason eBay tanked in the middle of the last decade – getting run over by Amazon and Google in the process – was that there is a “success hangover” at eBay.

Basically, eBay’s auction-based e-commerce model was such a fast and early winner on the Internet that the company had little incentive, and therefore energy, to pursue innovations like recommendations or search.

The lesson for the rest of us: Don’t get so drunk on your current success that you become blind to future opportunities.

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