Marc Andreessen
speaker
25,592 appearances
50 recordings
3 series
first heard Oct 2024
last heard 1 Aug
Marc Andreessen’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 26 in all, peaking in Jan 2026 with 6.
Appearances
It's never shrunk.
And it's grown really fast compared to anything else in human history.
But it wasn't doubling every quarter as of 1998, 1999.
And so there was this gap in the expectation of what they thought was a scaling law versus reality.
And that's actually what caused the dot-com crash, which was companies like Global Crossing way overbuilt fiber.
By the way, fiber, telecom, equipment, so all the networking gear.
And then, by the way, the actual physical data centers.
That was the beginning of the data center build and the data center overbuild.
And so you had that, but it was, it was literally, I think it was like $2 trillion got wiped out.
Right.
It was like, it was like a big, it was.
And by the way, the other, the other subtlety in it was the internet companies themselves never really had any debt because tech companies generally don't run on debt, but the telecom companies run on debt, physical infrastructure companies run on debt.
And so the companies like global crossing, not just raised a lot of equity, they also raised a lot of debt.
So they're highly levered.
And so then you just do the thing.
It's just like, okay, you have a highly levered thing where you're, you're just, you're overbuilding capacity.
Demand is growing, but not as fast as you hoped, and then boom, bankrupt.
Then it's like they say about the hotel industry, which is it's always the third owner of a hotel that makes money.
It has to go bankrupt twice to wash out all of the over-optimistic exuberance before it gets to actually a stable state, and then it makes money.
So, by the way, all of those data centers and all of those, all the fiber that they're in use, it's all in use today, but 25 years later.
Showing 761–780 of 25,592 · page 39 of 1280
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