Ben Horowitz, Co-Founder of Andreessen Horowitz on What Makes Internet Companies Successful

 

Venture capitalist and certified Internet guru and tech company mentor has just written a book on what Internet start-ups need to keep in mind when trying to keep a start-up from going broke and being honest with yourself and your employees (not to mention family) while keeping the innovative juices flowing and the business viable.

Horowitz, who founded the first cloud company, Loudcloud, that became Opsware and then was sold to HP for $1 billion in 2007, is now a venture capitalist and partner of Marc Andreessen, author of Mosaic, the first widely-used Web browser, and co-founder of Netscape Communications, in Andreessen Horowitz.  He’s among the elite group of co-founders and venture capitalist “who’s who” in Silicon Valley.

In addition to his no-holds-barred approach to what it takes to be a successful entrepreneur, he also weighs in on the state of social media as he sees it today.

Here are some snapshots from his interview with Charlie Rose:

1. Mark Zuckerberg is the best technological CEO in the world  today, bar none.

2. Bitcoin in the Internet of money.  Huge potential lies ahead because it allows the transfer of digital property in a secure way, making potentially obsolete third party “trusted services” or “centralized trusts” like stock markets to handle trades and handle money until the transaction is complete.

3. Great innovators, in the words of entrepreneur Peter Thiel, ask the question, “What do you believe that no one else does?

4. The greatest challenge and test of an entrpreneur is to take a great idea and build a company around it, which is probably why Mark Zuckerberg used his only meeting with Steve Jobs to ask how he built teams at Apple to be successful.

5. The Internet of Things is here to stay and it isn’t about “having all the lights come on in your house when you walk in.”

Here’s the interview: http://www.charlierose.com/watch/60378033

 

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