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Foursquare's adoption of a game dynamic when it launched is a particularly clever implementation of a social hook.
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
Games
Launched
Social
Implementation
Adoption
Dynamic
Hook
Clever
Particularly
Game
Foursquare
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Being an entrepreneur is hard. Having supportive and caring investors helps.
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I think 'crazy' is a compliment. I think you make money with people who are crazy.
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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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Early in a startup, product decisions should be hunch driven. Later on, product decisions should be data driven.
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Given New York City's cultural diversity, it has always attracted creative people.
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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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Not only do you have to put yourself in harms way in service of your country, you have to leave your families at home. It is a great sacrifice.
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Money is information, like bits.
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The companies that do the best job on managing a user's privacy will be the companies that ultimately are the most successful.
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Venture capitalists are professional money managers. We are provided capital to invest as long as we can return it to our investors with a strong return in a reasonable amount of time. A strong return is three times cash on cash. A reasonable amount of time is ten years max.
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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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Equity capital is expensive. Every time you do a raise, you dilute.
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Profiles aren't journalism.
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The strategy of Tumblr is very elegant.. The atomic unit of user experience is the same as the ads.
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If you have an idea that you can't get out of your head, do a startup. Otherwise join a startup.
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There is a difference between hiring a CEO and turning over control of the business.
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Don't try to solve the entire problem on day one.
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I would like to reiterate that I don't want any profiles of me. I am not newsworthy.
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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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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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