At the end of his talk Fred Wilson says, "I think that was about 15 minutes, and now I will take questions." That so impressed me. Because that was exactly 15 minutes. How did he do that? I was watching him, he was not looking at his watch. This guy obviously has a black belt
in pitching. His body
has become a clock. Okay, this clip 10 is huge. "Why would you want to live in an office park and suburbia when you are 21 years old when you could be living in Williamsburg?" I love this city, so does Fred Wilson. He loves it because he has called this city home a long time. (Did he grow up here?) I love it because this is the first hometown
I ever had. I have a refugee's love for the city. I think this city needs to go head to head with Silicon Valley. Fred shares that thought. I dig that. Silicon Valley
is the big, old established company. New York City is the startup. "The same qualities that make you a great entrepreneur
make you a terrible manager." I so buy into that. Visionary startup people need good old school COOs. Keep the trains running on time while I go shake things up. Fred Wilson
is a VC like Al Pacino is an actor. This guy was born to be a VC. You will not see this guy retire for a long, long time because he loves his work so much. I don't see Fred Wilson
invest in my company, not now, not in any of my future rounds. He does what he calls "web services." That is his "domain expertise," his phrase. I make it very clear I am not in the dot com (
Dot.con: How America Lost Its Mind and Money in the Internet Era
) space, at least that is not my step one, or two, and those two steps are a 10 year run easy. There we part. But that at some level makes it even more interesting for me to follow him online. I am not someone waiting in the wings thinking only if he knew me well enough, or he liked me enough, he would put his money down on my venture. The conclusion that he is not going to ride my boat gives me a certain detachment, a certain objectivity to enjoying him. Makes me more carefree. His is my favorite solo blog. The guy is an avid user of many of the products of his portfolio
companies. Like Dennis Crowley said some place when he was asked why he let Fred invest in his company. "Fred's entire family is on FourSquare!"Like I said to the First Round Capital guy Charlie the other day over email, I have heard a lot of good buzz about you and your firm, that you do early stage very good, what I have not figured out yet is if you are stuck in the dot com
space.Fred Wilson: VC
Fred Wilson: A VC
Fred Wilson
Fred says he is in the "web services" domain, but he also bemoans the fact that New York City has not, has not shown any signs of producing a 50 billion dollar company. A company that is worth 500 million is a successful, wonderful company, but it is small. At 10 billion you are mid size. 50 to 200 billion is big. Fred's portfolio is crowded/littered with small to mid size promises. My company is going to be big. (An Immigrant Story For Brad Feld) In my book you can't stick to the dot com space and in the same breath bemoan not seeing any big promise on the horizon. Those two thought trains don't go together. I see a train wreck. So at some level I do feel like maybe I am not totally done with the guy yet. I should not write him off for me completely.
![Reblog this post [with Zemanta]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_u5WY_QjN54enf18DpVWmpL9vEsC-9TDqmI4mMHL4Fb1vVtGiUUrMe1MEQLSPW246VGredvPRf-bxFQ6ZMCMS1xPcqTMmWfA0SX7nRSr_0QMI0B6zA2yoUtvTUCtaKnwX0UBOV6VimQwG4tsB62VvDQ=s0-d)
No comments:
Post a Comment