Marc Andreessen - Stocking up for the Nuclear Winter

Web 2.0 Expo video featuring Marc Andreessen talking about the industry in general, talks about a number of things including the coming "Nuclear Winter" for Web 2.0 - not so much the funding, but the reliance on Ads. Notes he is delighted to have got the funding in before said Big Freeze

Marc wrote about it in more detail on his blog in April:

We raised the money to enable us to keep scaling given our accelerating growth (over 230,000 networks on Ning now, growing at over 1,000 per day) and to make sure we have plenty of firepower to survive the oncoming nuclear winter. At current growth rates, we don't need it to get to cash flow positive, but having lived through the last crunch, it's good to be conservative with these things.

Once lucky, twice smart methinks. Marc has always been one of those people I've followed with interest - a one man prediction market in many ways - and he has a good grasp of economics as well as technology. Can't wait for his thoughts on the Great Bailout.