Marc Andreessen Offers a Lesson in High Tech M&A
High technology deals tend to be interesting primarily because of the absurdly high prices paid in many cases for revenue-less companies. Much of it is all “fugazi” as Matthew McConaughey’s crazy character in Wolf of Wall Street explained early on. Just consider some of Yahoo’s acquisitions over the past few years. There’s not much in the way of tangible results there.
All of this is a lead up to an interesting Twitter-based explanation by Marc Andreessen on the logic behind these deals.
Read the article here.