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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.
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
Head
Idea
Ideas
Join
Otherwise
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Marketing is for companies who have sucky products.
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There is a difference between hiring a CEO and turning over control of the business.
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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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Early in a startup, product decisions should be hunch driven. Later on, product decisions should be data driven.
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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 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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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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I would like to reiterate that I don't want any profiles of me. I am not newsworthy.
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Profiles aren't journalism.
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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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Being an entrepreneur is hard. Having supportive and caring investors helps.
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Don't try to solve the entire problem on day one.
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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 want to create something great and do it faster than the competition, you need to be action oriented.
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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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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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To see things differently requires you to be wired a little differently.
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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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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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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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