On August 20, 2011, legendary venture capitalist Marc Andreessen published a blog post-and an accompanying essay in The Wall Street Journal-that would become the sacred texts of the Silicon Valley bull run. Titled "Why Software Is Eating The World," he argued that the global economy was undergoing a "dramatic and broad technological and economic shift" and that software companies were poised to take over large swathes of the industry.
Andreessen believes that the role of a venture capitalist might be 'quite literally timeless,' emphasizing human intuition and judgment in selecting investments over AI capabilities.
