Mention Patrick Byrne, the founder and CEO of Overstock.com, and youâ€™ll elicit a firm opinion. In 2004, one hedge fund manager labeled Byrne the virtually hated man on Wall Street -- a label he wears proudly.
Byrne started Overstock.com in 1999, and the on-line retailer has been direct a lot of action in the intervening years. At the outset, Byrne didnâ€™t want Overstock to be a practical application organization
rocky to get retail in order, he cherished to be a retail business that was amplified by profession. Looking rearwards
, he says, he had the emphasis improper -- it should got
been on engineering.
Byrne has been focused on the profession incidental of issues e'er
because, ambitious Overstock added into the cloud, as good as prim the forward outstanding on the web
merchant to accept Bitcoin. Byrne joins this segment of the a16z Podcast to discuss the semipublic of on-line retail, value investing in tech, and why he believes Bitcoin and the crypto revolution is whopping than the Web.
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