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    Fred Wilson

    unionsquareventures.com · Personal blog · on HN since 2007

    Fred Wilson, a venture capitalist at Union Square Ventures, writes about startups, investing, patents and the economics of web businesses.

    Visit blogHN submissions
    StartupsFinance & InvestingBusiness & Strategy
    What HN says

    HN commenters cite it for data on startup pivots and web economics, though one warns he is biased as a Stack Overflow investor.

    Stats for nerds
    38HN people shared it
    37linked in comments
    438story points
    Jan 2011last shared
    2007people per year2011

    Top posts on HN

    1. 1
      Almost a third of our portfolio is under attack by patent trolls.
      2 people · 139 points · first shared 2010 · 72 comments on HN
    2. 2
      Software patents are the problem not the answer
      1 person · 52 points · first shared 2010 · 26 comments on HN
    3. 3
      Why The Flow Of Innovation Has Reversed
      1 person · 42 points · first shared 2008 · 16 comments on HN
    4. 4
      Why Early Stage Venture Investments Fail
      2 people · 24 points · first shared 2007 · 6 comments on HN
    5. 5
      Hacking Education
      1 person · 22 points · first shared 2009 · 13 comments on HN
    6. 6
      Union Square Ventures invests in Delicious' Founder new startup
      1 person · 21 points · first shared 2010 · 8 comments on HN
    7. 7
      The Weird Economics of Information
      3 people · 15 points · first shared 2008 · Discussion on HN
    8. 8
      VC failure rates
      2 people · 15 points · first shared 2007 · 7 comments on HN
    9. 9
      I Want a New Platform
      1 person · 14 points · first shared 2007 · 1 comments on HN
    10. 10
      The Mobile Challenge
      1 person · 14 points · first shared 2009 · 2 comments on HN

    What HN people wrote when they linked it

    • dpapathanasiouJul 2008

      VCs usually list job openings at their portfolio companies, so for NYC, check out the Union Square Ventures jobs page (http://www.unionsquareventures.com/jobboard.html).

      Silicon Alley Insider also has a jobs page with some startups listed (http://jobs.alleyinsider.com/).

      And you can use "Reg D" to find out about startups which have just gotten funding that may not be listed anywhere else (http://redeye.firstround.com/2008/06/the-death-of-st.html).

      The nextNY (http://groups.google.com/group/nextNYdigital) and NYC Tech Boosters (http://groups.google.com/group/nyc-tech-boosters) boards also list jobs from time to time.

      Also, even though it's not a jobs board, you should subscribe to Jay Sulzberger's mailing list (http://lxny.org/correspondence.html) to find out about tech events in NY.

    • dfieldNov 2010

      Dave isn't giving you a solution. He's pointing out a number of problems that need to be solved. Just because technology works fine doesn't mean it's the optimal solution. Tech develops incrementally.

      Stack Overflow has a search feature and it works fine. But wouldn't it be cool if someone aggregated results from different programming websites? (http://news.ycombinator.com/item?id=1854731)

      Check out Union Square Venture's blogpost from May: http://www.unionsquareventures.com/2010/05/stackoverflow.php. In addition to describing their investment, the post describes problems in the space. If you had never heard of Stack Overflow and you only read about the problems in that post, would you say the solution was too complex?

    • eladgilJan 2011

      Support from Fred Wilson's blog that most of his successful outcomes (success defined as "exit) were pivots:

      "Of the 26 companies that I consider realized or effectively realized in my personal track record, 17 of them made complete transformations or partial transformations of their businesses between the time we invested and the time we sold. That means there a 2/3 chance you’ll have to significantly reinvent your business between the time you take a venture capital investment and when you exit your business."

      Source: http://unionsquareventures.com/2007/11/why-early-stage.php

    • webwrightJun 2008

      You have enthusiastic users and you think you're going to sneak up on an incumbent?
      (suggest reading: http://www.unionsquareventures.com/2008/06/the_spooky_econ.html )

      I'd add a donate (or tipjoy!) button. Or a bounty page where people can buy their favorite feature request to the top of the list.

      If people want to help, maybe you could release an API? Or open-source your software?

    • bdApr 2009

      "When we raised our first Union Square Ventures fund, I told prospective investors to expect 1/3 of our investments to fail. I always like the 1/3 rule, which is that 1/3 of the investments will fail, 1/3 will under-perform expectations, and 1/3 will meet expectations."

      http://www.unionsquareventures.com/2007/11/failure_rates_i.html

    • Alex3917Mar 2008

      So I guess then that Union Square Ventures doesn't count as a real company:

      http://www.unionsquareventures.com/2008/02/were_hiring.html

      And neither does Blue Whale Labs:

      http://www.socialtwister.com/2007/01/27/a-few-good-mammals-we-need-them/

      And don't even get me started on these guys:

      http://www.ycombinator.com/

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