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" Marketing is for companies who have sucky products. "
Fred Wilson
Companies
Products
Marketing
Related Quotes:
" Profiles aren't journalism. "
Fred Wilson
Journalism
Profiles
" Most adults I know start their Internet session at Google, and most kids I know start their Internet session at either Facebook or MySpace. "
Fred Wilson
Internet
Facebook
Google
" Skyping with your spouse works well enough, but apparently it is hard to get the kids to hang out on Skype for long. "
Fred Wilson
Long
Hang
Enough
" Politics and government have been a terrible place to invest; education has been a terrible place to invest, but that is because the entrenched interests make it a terrible place to invest. The way you invest in those sectors is you go against the entrenched interests; you try and disrupt the entrenched interests, not to service them. "
Fred Wilson
Politics
Service
Government
" Building product is not about having a large team to manage. It is about having a small team with the right people on it. "
Fred Wilson
Team
Building
People
" 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. "
Fred Wilson
Great
Finance
Help
" The entire world is now a rival to Silicon Valley. No country, state, region, nor city has a lock on innovation in technology anymore. "
Fred Wilson
World
Now
Innovation
" Start-ups should be hunch-driven early on and data-driven as they scale. "
Fred Wilson
Scale
Early
Should
" Facebook, Twitter, and Tumblr are all 'User First, Brands Second' services. The brands are all over these services now. But for the most part, these services didn't do much to bring them. The engaged users did. "
Fred Wilson
Over
Now
Most
" Venture capital is about capturing the value between the startup phase and the public company phase. "
Fred Wilson
Venture Capital
Company
Phase
" It takes great salesmanship to convince a customer to buy something from you that isn't built or isn't finished. "
Fred Wilson
Buy
You
Great
" 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. "
Fred Wilson
Career
Start
Me
" 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. "
Fred Wilson
Business
Want
Sheep
" When there were not very many Internet companies, the supply of Internet companies to the market was small and the appetite for them was large. Therefore, if you were in the business of creating Internet companies in 1996-98, you had a market that provided massive demand for that. "
Fred Wilson
You
Business
Creating
" People already love to play casual games. But when you take a casual game and stick it inside a social network, it becomes way more exciting. "
Fred Wilson
Game
Way
You
" The most common way customer financing is done is you sell the customer on the product before you've built it or before you've finished it. The customer puts up the money to build the product or finish the product and becomes your first customer. Usually the customer simply wants the product and nothing more. "
Fred Wilson
Customer
You
Way
" When I see people laughing at ideas and companies we have backed, I smile. It means we are going to make a lot of money on that investment. "
Fred Wilson
Smile
People
Money
" Yahoo is free, it's fast and it's Web-centric. AOL is slow, it costs money and requires proprietary software. "
Fred Wilson
Software
Fast
Free
" Board meetings should not be for the benefit of the board. They should be for the benefit of the CEO and the senior team. "
Fred Wilson
CEO
Senior
Team
" 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. "
Fred Wilson
Talk
Myself
Make It Happen
" The Web is going to capture an increasing share of people's attention, and billions of dollars are going to flow in. What Web 2.0 is about is harnessing those dollars in highly leverageable ways. "
Fred Wilson
Flow
People
Capture
" The venture business is a bit of an apprenticeship business, so the firm I worked for didn't let me make an investment until I was 30. That was probably a very smart thing. "
Fred Wilson
Smart
Me
Business
" 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. "
Fred Wilson
You
Play
Need
" 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. "
Fred Wilson
Business
You
Feedback
" Foursquare's adoption of a game dynamic when it launched is a particularly clever implementation of a social hook. "
Fred Wilson
Game
Hook
Social
" Investing in management means building communication systems, business processes, feedback, and routines that let you scale the business and team as efficiently as possible. "
Fred Wilson
Building
Team
Communication
" 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. "
Fred Wilson
Time
Will
Early
" It's upsetting to me that you have to be a millionaire to invest in your friend's start-up. "
Fred Wilson
You
Friend
Invest
" The companies that do the best job on managing a user's privacy will be the companies that ultimately are the most successful. "
Fred Wilson
Job
Privacy
Best
" I'm really interested in the intersection between reputation, identity, and knowledge. "
Fred Wilson
Identity
Knowledge
Reputation