Inside the mind of Marc Andreessen

I actually think what happened in retrospect was that companies in the Valley tried to implement advertising too quickly. We tried to do it too fast with banner ads, which never should have been the ad format. And so it’s our fault that the money hasn’t moved over. We haven’t been giving the advertisers what they need. What’s changed is companies, in particular Google, are starting to figure this out. Facebook has shown real progress, and now Twitter, and I think Pinterest, which is one of ours, will be the next stop.

Inside the mind of Marc Andreessen – Fortune Management.

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