A New Kind of Venture Capitalist Makes Small Bets on Young Firms (Published 2008)

A New Kind of Venture Capitalist Makes Small Bets on Young Firms Fred Wilson, co-founder of Union Square Ventures, gave a keynote last week at Web 2.0 Expo.Credit...Hiroko Masuike for The New York Times From the day he founded Etsy in 2005, Rob Kalin refused to raise money from venture capital firms to expand his company, which hoped to bring the sale of handmade crafts from small local fairs to t

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Claire Cain Miller interviews Fred Wilson:“People are too impatient(.....)I’ve made more money in my career investing in very early-stage companies where the business model was not clear. No revenue, just a product, but it was clear people would use it.”