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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Foursquare's adoption of a game dynamic when it launched is a particularly clever implementation of a social hook.
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Twitter wasn't planned. It just happened.
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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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Money is information, like bits.
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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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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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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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To see things differently requires you to be wired a little differently.
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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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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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Equity capital is expensive. Every time you do a raise, you dilute.
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Games are the most social of all things on the web.
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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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There is a difference between hiring a CEO and turning over control of the business.
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Venture capital is about capturing the value between the startup phase and the public company phase.
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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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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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Facebook, Twitter, and Tumblr are all 'User First, Brands Second' services. The brands are all over these services now. But for the most part, these services didn't do much to bring them. The engaged users did.