With Software Eating The World, Venture Will Deviate From Historical Returns, Horowitz Says

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http://techcrunch.com – Upstart venture firm Andreessen Horowitz is betting that as software permeates more and more traditional industries, venture returns will break out from their stable track record. “Historically, the tech industry has been sized at a certain level. Total returns have been very consistent over the past several years, but as software eats other industries but we think the technology opportunity is expanding itself,” said Ben Horowitz, one of the firm’s founding partners. Horowitz gave examples like Pixar eating Disney’s traditional animation business and Amazon eating reta (IT news)