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Early in a startup, product decisions should be hunch driven. Later on, product decisions should be data driven.

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
Decision
Hunches
Data
Product
Decisions
Driven
Later
Products
Early
Hunch

More quotes by Fred Wilson

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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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Equity capital is expensive. Every time you do a raise, you dilute.
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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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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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Ideas that most people derided as ridiculous have produced the best outcomes. Don't do the obvious thing.
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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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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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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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Foursquare's adoption of a game dynamic when it launched is a particularly clever implementation of a social hook.
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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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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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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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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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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'm really interested in the intersection between reputation, identity, and knowledge.
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Marketing is for companies who have sucky products.
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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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Profiles aren't journalism.
Fred Wilson