Brainstorm Tech 2010

Where the Fortune 500 and the innovators meet to shape the future of business. (July 22-24, 2010)

Marc Andreessen on Yahoo's new CEO

July 16, 2012: 5:21 PM ET

Marc Andreessen

"Very exciting for the Valley."

FORTUNE -- Venture capitalist Marc Andreessen believes that Marissa Mayer is a smart choice to run Yahoo Inc. (YHOO), according to comments made today during Fortune Brainstorm Tech in Aspen.

He said that while he is a big fan of Yahoo interim CEO Ross Levinsohn-- who many believed would get the fulltime job -- the selection of Mayer indicates that Yahoo wants to be a product-centic company, rather than a media/sales-focused company.

"I'm very happy for Marissa, and it's very exciting for the Valley," he added.

Andreessen last year worked with private equity firm Silver Lake to explore a takeover of Yahoo, and there even were (unfounded) suggestions that he might assume a senior operating role.

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Dan Primack
Dan Primack
Senior Editor, Fortune

Dan Primack joined in September 2010 to cover deals and dealmakers, from Wall Street to Sand Hill Road. Previously, Dan was an editor-at-large with Thomson Reuters, where he launched both and the peHUB Wire email service. In a past journalistic life, Dan ran a community paper in Roxbury, Massachusetts. He currently lives just outside of Boston.

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