Best quotes by Fred Wilson on Business

Checkout quotes by Fred Wilson on Business

• ‟ 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
  

• ‟ 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
  

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

  - Fred Wilson
  

• ‟ 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
  

• ‟ 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
  

• ‟ 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
  

• ‟ If you are successful, you will be cloned. That's life. In fact, it's a sign that you've made it when clones of your website, mobile app, and business start cropping up.

  - Fred Wilson
  

• ‟ 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.

  - Fred Wilson
  

• ‟ 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
  

• ‟ I'm not saying M.B.A.s can't be great entrepreneurs. They can. But you don't need a degree to figure out it's costing you $5,000 per month to run your business, so you need $30,000 to keep it going for six more months.

  - Fred Wilson
  

• ‟ 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.

  - Fred Wilson