Jason Toff

…that the sales of clothing online have overtaken those of computer hardware and software?

Marc Andreesen (founder of Netscape) just started blogging again (so I’ve been informed), and he describes how venture capitalism works quite nicely in his most recent post– as follows:

The whole structure of how the technology industry gets funded — by venture capitalists, angel investors, and Wall Street — is predicated on the baseball model.

Out of ten swings at the bat, you get maybe seven strikeouts, two base hits, and if you are lucky, one home run.

The base hits and the home runs pay for all the strikeouts.