More than a decade ago, Marc Andreessen, an internet entrepreneur and venture capitalist, famously declared, “Software is eating the world.”
The winners, Andreessen wrote in The Wall Street Journal, would be mainly “entrepreneurial technology companies that are invading and overturning established industry structures.”
His essay was a distillation of a long-held article of faith in Silicon Valley.
Clearly, some traditional businesses such as advertising and retailing have been upended by software-fueled companies such as Google, Facebook and Amazon, the new giants on the corporate landscape.
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