Valley Legend Marc Andreessen: You're Crazy If You Think We're In A Tech Bubble

marc andreessen

Photo: Flickr/Jdlasica

After Facebook bought Instagram — a company with a semi-non-existent business model — for more than $1 billion, the tech community once again started screaming “bubble” over and over.Marc Andreessen, a partner at Andreessen-Horowitz and a co-founder of Netscape, wants to put that notion to bed. Here’s what he said today at the Wired Business Conference:

If we’re in a bubble, it’s the weirdest bubble I’ve ever seen where everyone hates everything. If you check tech stocks that went public recently, it’s nose down to the ground. We’re now 15 years of flat stock market returns. That’s a weird bubble.

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at