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There are two types of people: those who experienced the 2000 crash, and those who did not. The people who did see the crash are deeply psychologically scarred. Like burned-my-face-on-the-stove scarred. They are irreparably damaged. These are the people who love to talk about bubbles. Anywhere and everywhere, they have to find a bubble. They’re now in their 30’s, 40’s, and 50’s. They all got burned. As journalists, they covered the carnage. As investors, they suffered tremendously. As employees, they loaded up on worthless stock. So they promised themselves they’d never get burned again. And now, 12 years later, they’re still determined not to.
- Marc Andreessen interview with Peter Thiel
Here is an essay version of class notes from Class 10 of CS183: Startup. Errors and omissions are mine. Marc Andreessen, co-founder and general partner of the venture capital firm Andreessen Horowitz,...
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