Marc Andreesen is known more for building companies rather than funding them, but he said he is looking forward to proving his chops in the latter category.
Andreesen, who launched his $300 million Andreesen Horowitz venture capital fund earlier this month, said he has a lot of "directly relevant" experience that will help attract startups.
"There are not that many great companies started each year," he said. Andreesen noted that there are probably 15 companies a year that go on to produce $100 million a year in revenue and account for much of the industry's return.
"Our job as a VC is to be able to get into those... by being the kind of VC that entrepreneurs want to (do business with)," Andreesen said.
He said that his fund will focus on his field of expertise--information technology.
"We won't do medical devices," he said. "We won't do rocket ships. We won't do space elevators."
Andreesen said that many markets seen as mature are actually still rapidly changing--sectors such as storage, networking and operating system.
"There's a lot of change happening in these areas," he said.
Andreesen, best known for his role at Netscape, said he learned from his summer as an IBM intern that a career at such a large company was probably not for him. While he learned a lot, he said there were 17 layers of management between him and the IBM chief executive.
He said that startups tend to be more innovative, but said that only when companies get large can they really have a global impact.
"Small companies, just as a category are going to be more innovative," he said, though he noted Google and some other large companies have managed to remain innovative.
Asked about his prediction for the economy, Andreesen went out on a limb: "I predict the company will survive in some fashion."
He did, however, suggest that the deleveraging of the economy may not be done yet, noting that the government has pumped billions in to replace private sector money.
"Have we really addressed the problem or have we just kicked the can?" he said.
This article was first published as a blog post on CNET News.
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