Marc Andreessen, co-founder of Netscape and one of the biggest venture capitalists in Silicon Valley, finds MBA graduating classes to be a reliable contrary indicator.
In the late 1990s, it seemed every newly minted MBA wanted to start a company in Silicon Valley. In the aughts, they flocked to Wall Street.
“If they all want to go into investment banking, there’s going to be a financial crisis,” he says. “If they want to go into tech, that means a bubble is forming.”
His advice? Head in the opposite direction.
— Adapted from “Bubble? What bubble?” interview with Andrew Goldman, The New York Times Magazine.