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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
Social
Implementation
Adoption
Dynamic
Hook
Clever
Particularly
Game
Foursquare
Games
Launched
More quotes by Fred Wilson
Facebook is not an unstoppable juggernaut. There are a lot of other things people can do on the web.
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Markets come and go. Good business don't.
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My venture investing career has three phases, all roughly 6-8 years long. The first, at Euclid, was software to Internet. The second, at Flatiron, was Internet to bubble. And the third, at USV, has been web 2 to mobile. I have always used a new firm to denote a new investment phase for me. Throw away the old. Start with the new.
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Profiles aren't journalism.
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I think 'crazy' is a compliment. I think you make money with people who are crazy.
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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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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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I would like to reiterate that I don't want any profiles of me. I am not newsworthy.
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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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If you want to create something great and do it faster than the competition, you need to be action oriented.
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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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Don't try to solve the entire problem on day one.
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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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Equity capital is expensive. Every time you do a raise, you dilute.
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Given New York City's cultural diversity, it has always attracted creative people.
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To see things differently requires you to be wired a little differently.
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I'm really interested in the intersection between reputation, identity, and knowledge.
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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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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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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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