Marc Andreessen: Tech Is Still Recovering From A Depression

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Mobile Commerce news

TechCrunch

Venture capitalist Marc Andreessen, Palantir co-founder Joe Lonsdale and Goldman Sachs COO Gary Cohn sat down today at the Goldman Sachs conference in San Francisco, to talk about the thing investors always talk about: Tech.

The Netscape founder, taking the same stance he’s had for years, was ever the ebullient optimist. (Because what else are VCs paid to do?)

He argued that advances in mobile and chip-making technology signaled exponential expansion of the market. He said tech isn’t overhyped and could have “decades” of growth ahead of it. Echoing economist Carlota Perez’s research, he said world-changing technologies like the web usually settle into a more mature deployment phase after an initial period of hype and investor frenzy.

Andreessen was hopeful about how the Internet of Things could transform the way people live, and credited Moore’s law with the potential to put a chip in everything: “What if we…

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