[pasta_2]

That part about Andreessen warning about "risks" was really just a response to Bill Gurley sounding the alarm in a WSJ story. Until that time if you followed Andreessen on Twitter, you'd see him talking down the idea of a tech bubble, mocking Janet Yellen for her warning about valuations in social media, etc. It was basically that or go against another prominent VC in a fight about valuations. And this is not like the rest of Wall Street, there's not going to be any Icahn vs. Ackman style fights in the VC world. Relationships matter too much.

But at least 10 years from now once the current cycle has come to an end Andreessen can point to that one time he was on the record as warning about "risks" when really his M.O until then was to talk up valuations.