Excerpt: Marc Andreessen’s Forward to ‘Becoming Steve Jobs’

One of the best books written about Apple has scored a celebrity intro.

Marc Andreessen. Co-author of Mosaic. Founder of Netscape. Co-founder of Andreessen Horowitz. One of the most powerful venture capitalists in Silicon Valley.

Brent Schlender and Rick Tetzeli scored big time when Andreessen agreed to write the forward to the paperback edition of Becoming Steve Jobs.

His opening paragraphs:

When entrepreneurs come to our venture capital firm to pitch themselves and their companies, they walk up the stairs and into a conference room named for Steve Jobs.

If you polled the thousands of founders that come through that room during the course of a year, you’d find that 99.9 percent of them never met Steve. You’d also find that a fairly large number of them entered the tech industry after Steve passed away.

But overwhelmingly, if you ask them who their hero is, who they have tried to learn the most from about how to build a company and how to have an impact on the world—Steve is number one on that list by a very wide margin.

I see Steve’s influence in everything they do. It’s in their behavior. In the polish and flair of their pitches. In the design of their slides. In the use of the word beautiful. Before Steve, no startup ever used the word beautiful. Now everything has to be beautiful. Every product needs to be fantastic out of the gate. Every product has to live up to its promise and bring delight to the lives of its users.

At its most basic, that’s the impact Steve had. His existence, his accomplishments at Apple— ultimately the mere presence of Apple—raised the bar for everybody,

The paperback edition is available for pre-order here, here and here.

18 Comments

  1. Turley Muller said:

    I think the issue is that in 2012 the stock price got way ahead of itself as expectations became considerably stretched, Inevitably, this set AAPL up for disappointment when lofty expectations weren’t realized resulting in a massive sell-off. Stock went from overvalued to undervalued literally overnight. So, It’s tough to compare back to a historical peak- and think if it was $100 then and now sales & profits have dramatically increased that the stock should be at least somewhat higher. But, the stock has nearly doubled since early 2013. Depends on which look-back point one chooses for comparison.

    I think AAPL is currently undervalued, but don’t foresee a considerable amount of upside either. However, I believe there is very minimal risk at these levels.

    1
    June 1, 2016
      • Turley Muller said:

        Yeah the P/E is a head scratcher…… But when using a P/E I think it’s best to use a forecasted “E” that looks out pretty far since stocks are priced on future earnings.

        I think when you look at the price chart back in 2012 it broke way above a longer term price trend and well over moving averages. I think expectations were way too low and for so long and then they over shot on the upside. And then of course subsequently became too negative.

        I think there is too much negativity priced into the stock now, thus it’s attractive.

        0
        June 2, 2016

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