Fred Wilson Quotes
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It takes great salesmanship to convince a customer to buy something from you that isn't built or isn't finished.
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Most adults I know start their Internet session at Google, and most kids I know start their Internet session at either Facebook or MySpace.
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Twitter wasn't planned. It just happened.
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Foursquare's adoption of a game dynamic when it launched is a particularly clever implementation of a social hook.
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Money is information, like bits.
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I'm not saying M.B.A.s can't be great entrepreneurs. They can. But you don't need a degree to figure out it's costing you $5,000 per month to run your business, so you need $30,000 to keep it going for six more months.
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I think 'crazy' is a compliment. I think you make money with people who are crazy.
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Startups are rapidly changing systems. If you use an annual review cycle, you aren't getting feedback at the same pace that you need to adapt and change the business.
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I'm really interested in the intersection between reputation, identity, and knowledge.
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Investing in management means building communication systems, business processes, feedback, and routines that let you scale the business and team as efficiently as possible.
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Start-ups should be hunch-driven early on and data-driven as they scale.
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Board meetings should not be for the benefit of the board. They should be for the benefit of the CEO and the senior team.
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All markets have boom and bust cycles, and I think venture capital market has even more exaggerated boom and bust cycles.
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To see things differently requires you to be wired a little differently.
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If you have a native monetization system where the atomic unit of content is the ad unit, that scales down all the way to a small screen experience. That's why Twitter is performing so well on mobile.
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I generally blog between 5:30 A.M. and 7 A.M. I will from time to time add something during the day, but for the most part blogging is an early morning activity for me.
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Games are the most social of all things on the web.
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Venture capital is about capturing the value between the startup phase and the public company phase.
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New York's niche is content, and content is becoming more valuable. Just think about what is more valuable: MTV or the cable system that you use to get MTV? Howard Stern or the radio station you use to listen to him? Ultimately, technology becomes a commodity, and content - real, true branded content - becomes more valuable.
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Equity capital is expensive. Every time you do a raise, you dilute.
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There is a difference between hiring a CEO and turning over control of the business.
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When I see people laughing at ideas and companies we have backed, I smile. It means we are going to make a lot of money on that investment.
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I believe Android will be stronger in the developing world than it is in the developed world.
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It's upsetting to me that you have to be a millionaire to invest in your friend's start-up.