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Hard Knocks, Age Transform Marc Andreessen
Carl Bialik from WSJ writes "Marc Andreessen, the brain behind Netscape, has spent the past several years engaged in an old-fashioned pursuit: rebuilding a traditional software company, Opsware, and trying to make it profitable, the Wall Street Journal reports. From the article: 'That he is making progress will be evident next week when the company expects to report a hefty quarterly revenue increase. In the process, he has settled down personally, morphing from technical whiz kid into serious businessman — the kind who delegates authority, makes sales calls in suits and dabbles in philanthropy. His experience helping bring Opsware back from the brink of financial disaster — in 2001, the company, then called Loudcloud Inc., staged a disappointing IPO and later had to completely overhaul its business to stay afloat — also has been formative, those who know him say.'"
I remember when Andreesen started talking about his new Loudcloud company, and I was certain it was going to fail. It had nothing going for it that could make it any money other than Marc Andreesen's name. Now, it appears I was at least partially right, since the only way they've managed to keep from going out of business is to completely change what it is their company does. Even now, it's not really profitable, and it's trying to compete in a space already dominated by much larger companies. If this company wasn't being run by one of the biggest names in the Internet revolution, it would have run out of investors years ago.
It sort of reminds me of a company I used to work for that has continually stayed just above the edge of bankruptcy by completely changing its business model (and its name) to fit the trend of the moment. It started out as a cable company, became an ISP during the boom, then became a wireless ISP, and now it's a real estate company.
Actually, I'm sure he'd like it to become another netscape; netscape was the final word in browsing back in the day (before msie was standard). The problem was it fell behind it's competitors and sort of lost focus.
Netscape was a great business (and had a great browser) when it was sold to AOL for $4.2 billion in 1999. Most of the issues with the browser started after that.
No Sigs!