December 12, 2012

Marc Andreessen: We're in a Tech Depression

Stephen Gandel, Fortune


Marc Andreessen, co-head of venture capital firm Andreessen Horowitz and founder of Netscape, says the slump in technology stocks is as bad as he has ever seen it. And now might be the time to buy in.

Andreessen, speaking at a conference Wednesday hosted by The New York Times' Dealbook, said that for the first time that he could remember technology companies are trading at a discount to the shares of industrial companies, which have much slower growth and tend to see their earnings swing with the economy.

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TAGGED: Marc Andreessen, technology sector