1: “Ben, think about how you might run the business if capital were free.”

That was the advice Andy Rachleff of Benchmark Capital gave Ben Horowitz, who was the CEO of Loudcloud, a startup focused on network security, scaling, and disaster recovery.

The year was 1999.

Ben and Loudcloud co-founder  Marc Andreessen were coming off the spectacular sale of  Netscape to AOL for $4.2 billion.

Benchmark invested $15 million … continue reading