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Being an entrepreneur is hard. Having supportive and caring investors helps.
Fred Wilson
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Fred Wilson
Age: 63
Born: 1961
Born: August 20
Blogger
Businessman
Financier
Venture Capitalist
New York City
New York
Caring
Helps
Helping
Hard
Supportive
Investors
Entrepreneur
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I'm really interested in the intersection between reputation, identity, and knowledge.
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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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Profiles aren't journalism.
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The fact is that the amount of money startups raise in their seed and Series A rounds is inversely correlated with success
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Given New York City's cultural diversity, it has always attracted creative people.
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Marketing is for companies who have sucky products.
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Money is information, like bits.
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Customers are a great way to finance a business for many reasons. First, customer financing is typically non dilutive. They want something from you other than equity in your business. Customers also help you fit your product to the market. And customers will help debug and improve the quality of the product.
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I don't like to talk about myself. I like to talk about stuff that's happening, stuff that's going to happen, and the people who are going to make it happen.
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I use beauty as a way of helping people to receive difficult or upsetting ideas. The topical issues are merely a vehicle for making one aware of one's own perceptual shift-which is the real thrill.
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There are so many startups out there raising money. I don't think this is a bad thing. It's a good thing. Entrepreneurship is in vogue. Innovators are innovating. Makers are making.
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Ideas that most people derided as ridiculous have produced the best outcomes. Don't do the obvious thing.
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If you want to create something great and do it faster than the competition, you need to be action oriented.
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The Internet is a computing platform built on top of core technology. Applied technology is what gets built on top of that: It's Web services.
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I think 'crazy' is a compliment. I think you make money with people who are crazy.
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Equity capital is expensive. Every time you do a raise, you dilute.
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Don't try to solve the entire problem on day one.
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I believe the mobile OS market will play out very similarly to Windows and Macintosh, with Android in the role of Windows. And so if you want to be in front of the largest number of users, you need to be on Android.
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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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