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January 21, 2013 12:04 am GMT
At the DLD conference in Munich today, venture capitalist Ben Horowitz took the stage to discuss why he and his firm Andreessen Horowitz invests in a company and its founders. Last year, he said, Andreessen Horowitz found 2,355 companies that were potentially worth investing in that passed the company's initial screen. In the end, Andreesen Horowitz only closed 24 deals (excluding seed deals). The companies that made it, he cheekily argued, are those started by "college dropouts with insane ideas going after tiny markets with no way to monetize."
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/GDYzxcoc55U/
Ben Horowitz: We Like To Invest In College Dropouts With Insane Ideas Going After Tiny Markets With No Way To Monetize
At the DLD conference in Munich today, venture capitalist Ben Horowitz took the stage to discuss why he and his firm Andreessen Horowitz invests in a company and its founders. Last year, he said, Andreessen Horowitz found 2,355 companies that were potentially worth investing in that passed the company's initial screen. In the end, Andreesen Horowitz only closed 24 deals (excluding seed deals). The companies that made it, he cheekily argued, are those started by "college dropouts with insane ideas going after tiny markets with no way to monetize."Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/GDYzxcoc55U/
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