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Netscape Founder Andreesen Warns of Tech Depression

Despite the rise of Facebook, the founder of Netscape says risk-averse public markets are hostile to technology startups. The result is likely to be fewer blockbuster initial public offerings.

By Cadie Thompson

articles/2013/05/14/netscape-founder-andreesen-warns-of-tech-depression/cnbc_article_header_p5wwxl

Don't expect a game changing tech initial public offering anytime soon. Private tech companies are steering clear of going public as long as they can manage, said Marc Andreessen, the co-founder of the venture capital firm Andreessen Horowitz, on CNBC's "Closing

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