The Marc of Misery :: Andreessen loses his golden touch
America Online bought Netscape, but only after it was thoroughly thrashed by Microsoft in the browser wars. His next venture, managed services provider Loudcloud, trades for $3.21 a share, less than half its all-time high.
Even companies of which he’s merely a board member are seeing hard times. CacheFlow, which once hit $183 a share, now trades for $1.79. MobShop, a group-shopping site, closed its shutters; Octopus.com went bankrupt. That leaves CollabNet, an open-source company, which is doing okay. Let’s hope it can break his recent slump.