By Andrea Riquier
Published: Dec 11, 2019 11:12 am ET
The long-time investor bought Amazon shares in 2002, and thinks there’s similar opportunity now
Cathie Wood, founder and CEO of ARK Invest.
In 2011, pioneering venture capitalist Marc Andreessen wrote an op-ed called “Why software is eating the world,” introducing his thesis that what we now know as Internet 2.0, an industry of platforms like Facebook and Twitter, would replace the old world of desktop computer hardware.
Nearly a decade later, if there’s any one investor best poised to pen an update, it might be Catherine Wood. Wood, 64, founded her company, ARK Invest, in 2014, to harness the opportunity created by cutting-edge technologies like genomics, autonomous vehicles, and more. But rather than deploying private markets, like venture capitalists do, Wood makes her bets in the most public approach possible: in exchange-traded funds, utilizing what she calls an “open-source research ecosystem” of two-way communication…