You might remember Marc Andreessen, a co-founder of Netscape and co-founder and general partner of the hugely successful venture capital firm Andreessen-Horowitz.
He talks about the general pessimism surrounding American businesses and how short-sighted it is. For him, the place to invest now is in software. The phrase he uses is: “software is eating the world“.
The past and future growth of such software companies as Facebook, Groupon, Skype, Twitter, Zynga, and Foursquare fill him with optimism about the U.S. economy.
Andreessen also talks about how Wall Street has turned on technology and technology companies, but highlights the pervasiveness of software companies in the lives of people globally, especially as over 2 billion people now have access to broadband.
LinkedIn for example, has turned the recruiting market on its head, Netflix has shaken video delivery to its core – these are software companies essentially, according to him. Fedex, he points out is “best thought of as a software network that happens to have trucks, planes and distribution hubs attached.”
Pointing to companies such as Amazon and Netflix and applications such as Apple’s iTunes, Andreessen sees the future and the best place to invest in as being software companies.
National defense, retailing, healthcare, and even the auto industry are also areas that Andreeson sees as being driven by software. Investments in great software companies are the place to be and these companies will bring about America’s resurgence, according to Andreessen.
Read his very compelling article here.