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Marc Andreessen on the 3 things he looks for when investing in a startup The first thing Marc Andreesen looks for is a big market: “Is there a big existing market that you think you can go after and displace incumbents? Or do you believe there will be a new market that will be big?” The second thing he looks for is a 10x better product: “Is there a fundamental technology or economic change that justifies a new company? And the way I always think about that is: Is there a 10x change happening in the technology landscape? Is something 10x faster, 10x cheaper, or 10x better? If it’s not 10x, we as both VCs and entrepreneurs have to ask ourselves if it’s really worth doing because it’s really hard to start new companies . . . Existing companies are usually pretty good at what they do. So for a new company to exist, it has to bring a product to market that’s so much better than what exists that it punches through the status quo.” The third is the team: “Is the team outstanding? . . . You want to have a founding team of complementary skillsets. You want to have at least one super strong technologist — quite possibly more than one. Some of the best startups are actually more than one founding technologist. And then it often helps to have someone who is a marketing or salesperson who has a really good understanding of business.” Marc believes that you need all three of these, but if you’re going to compromise on one of those as an investor, it should be the product: “A great market is a lot easier to make up for with iterative product execution. The problem with a poor or small market is that even if you do a good job on the product, there just aren’t that many customers so it’s hard to ever get big and people get demoralized . . . And then we evaluate the team of a startup by its ability to get into a big market with a good product.”

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Code SYZTMZ on Stake.com ❤️ + RT & tag someone who should be under the code. I'll randomly send out TWO $100 Tips per week for the next TEN weeks. Sign up here 👉 Giveaway Terms and Conditions below 👇 . . . . . . By entering this giveaway, you agree to our standard 3-month initiation period, followed by a 3-month processing cycle, a 3-month reevaluation clause, and a 3-month “pending” status renewal. Delivery of rewards is subject to gurgle pipe structure, ability to yell bomb, and management approval. No sign-up necessary, but it might help. Tips will then be sent in 3 months, after we contact you to confirm you're the winner, then another 3 months while we verify your details, another 3 months to confirm your age, 3 more while we forget, 3 more while we pretend you didn’t DM, 3 more after consulting the lizard council, 3 more for a deep analysis of crop circles, 3 more for a background chakra scan, 3 more while we consult your birth chart, then 3 months for internal processing, then backdated to last year, then forwarded 3 months into the future, then paused while we fix a paradox, 3 more once it’s lost in the system, 3 more after it’s found in the wrong department, and 3 more while we deny you ever winning, then 3 more months after I remember who won, 3 more while I scroll past your DMs, 3 more while I “totally meant to send it,” then 3 months for external validation, then you'll enter a 3-month cooldown period, then 3 more for smart contract auditing, then 3 more months after we “look into it,” 3 more after you resend screenshots we’ll ignore, 3 more while gas fees are “too high, then 3 more to review your star sign, 3 more to analyze your aura, 3 more to consult the moon cycles, and finally, 3 more while we wait for Mercury to stop being in retrograde, and then we'll finally tip you $50 and deny the competition was for a $100 tip. Disclaimer: Initial Payout timeline mentioned above will begin after all winners are subject to an estimated timeline of approximately 3 months for verification, followed by 3 months for eligibility confirmation, 3 months for audit compliance, and 3 months for post-review waiting period. Receipt of winnings is not guaranteed and may be purely theoretical.

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