“When we tried to get investors for Netscape, most of them said ‘you’re out of your mind,” Andreessen said. “This is the thing that’s most like that of anything I’ve seen in the last 20 years.”
According to CNET, Andreessen also said that Bitcoin today is like the Internet was in 1993, when it was slow and difficult to access unless you were a master of computer science. Startups need to find ways to make the cryptocurrency easier to use.
It’s no question that bitcoin is still in the early stages of development, and companies like Circle are doing their best to make it as user-friendly as possible. Andreessen has high hopes for bitcoin ease-of-use, wanting to one day soon buy a car with bitcoin.
Marc Andreessen,not to be confused with Gavin Andresen, is an American entrepreneur and software engineer. He’s the cofounder of Netscape Communications Corporation and was a coauthor of Mosaic web browser. Since Netscape was bought out by America Online (AOL) in 1999, Andreessen has spent his time making other key innovations and investing in technology ventures at his Silicon Valley venture capital firm Andreessen Horowitz.
Through his venture capitalist firm, Andreessen Horowitz, he’s already an investor in Coinbase, one of the three companies that’s recent partner with Paypal, and is looking to expand his investments into other bitcoin companies. He said:
“It’s just early. If you really care about it you can do it but you need to be really up to speed. In three years time, this is going to be completely obvious.”
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