Fred Wilson

All markets have boom and bust cycles, and I think venture capital market has even more exaggerated boom and bust cycles. ”

Blog-based businesses have lower cost structures and are more 'authentic,' and as a result are drawing larger shares of ad budgets. ”

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. ”

When people laugh at a company or say, 'This is the stupidest thing I have ever heard,' you are listening. ”

Marketing is for companies who have sucky products. ”

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. ”

Venture capital is about capturing the value between the startup phase and the public company phase. ”

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. ”

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. ”

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