Fred Wilson
Businessman
1961-08-20
Quotes by Fred Wilson
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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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It's upsetting to me that you have to be a millionaire to invest in your friend's start-up.
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Startups are rapidly changing systems. If you use an annual review cycle, you aren't getting feedback at the same pace that you need to adapt and change the business.
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New York's niche is content, and content is becoming more valuable. Just think about what is more valuable: MTV or the cable system that you use to get MTV? Howard Stern or the radio station you use to listen to him? Ultimately, technology becomes a commodity, and content - real, true branded content - becomes more valuable.
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We need new medical approaches to preventing and/or curing disease. We need new scientific approaches to generating, storing, and being more efficient with energy. Maybe we need more space exploration. Maybe we need more undersea exploration.
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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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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 capital is about capturing the value between the startup phase and the public company phase.
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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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So many folks in the venture capital business are sheep that just want to follow the herd. They are momentum investors purchasing highly illiquid investments. That is a recipe for disaster.
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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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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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Many artists stick to making and hire a manager to focus on their business. Artists that build websites and mobile apps can do that, too.
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To see things differently requires you to be wired a little differently.
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Yahoo is free, it's fast and it's Web-centric. AOL is slow, it costs money and requires proprietary software.
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