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There is a difference between hiring a CEO and turning over control of the business.

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
Turning
Difference
Differences
Control
Business
Ceo
Hiring

More quotes by Fred Wilson

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Money is information, like bits.
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Facebook is not an unstoppable juggernaut. There are a lot of other things people can do on the web.
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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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Don't try to solve the entire problem on day one.
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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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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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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 want to create something great and do it faster than the competition, you need to be action oriented.
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Certainly anything that is news or opinion needs to be free on the Web, because the Web is this very fluid medium that is very much driven by links and the flow of visitors through a discussion via links.
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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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Markets come and go. Good business don't.
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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 have an idea that you can't get out of your head, do a startup. Otherwise join a startup.
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Marketing is for companies who have sucky products.
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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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Given New York City's cultural diversity, it has always attracted creative people.
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I'm really interested in the intersection between reputation, identity, and knowledge.
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It's not easy for an entrepreneur to find the time to blog. But for those who do it, it is a great tool to communicate with the various stakeholders in their business and build a reputation for thought leadership.
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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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