A VC - Latest Comments in You Can't Solve Problems With Money

Re: You Can't Solve Problems With Money

Prakash S — Fri, 17 Apr 2009 09:54:28 -0000

got it. thanks.

Re: You Can't Solve Problems With Money

fredwilson — Fri, 17 Apr 2009 06:31:17 -0000

Venture funds take a long time to wind down. As they wind down, they make distributions to their members. I said that to make the point that venture funds take a long time to wrap up.

Re: You Can't Solve Problems With Money

Prokofy — Fri, 17 Apr 2009 01:54:46 -0000

It sounds sort of hard to manage the beast of money. At one level, it sounds like what you have to do is network a lot and have the right 10-12 friends to invest alongside you.

But what is the glue that holds you together? You don't get anything out of bringing those other investors to the table, do you? Or how does it work? Do you get a finder's fee?

Or is it just the confidence that you recruited someone to validate your own pick?

Re: You Can't Solve Problems With Money

Tommy — Thu, 16 Apr 2009 16:25:49 -0000

Sweetheart,

To be called a jerk by a VC is actually very flattering and for that I thank you.

Re: You Can't Solve Problems With Money

Tommy — Thu, 16 Apr 2009 16:24:30 -0000

Puhleeeeeeeeeze!

Same kind of balderdash circulated before the collapse of the former soviet union.

Your problem is that you don't look for cause (capitalism). Instead you focus way too much on the symptoms (Madoff and "nice decent young men" aspiring to be little Madoffs).

You can't operate in a cesspool and not get filthy.

Re: You Can't Solve Problems With Money

Prakash S — Wed, 15 Apr 2009 16:25:49 -0000

Fred,

In one of the videos you mention that you still get distribution checks from Euclid, could you explain more about this please?

Thanks, Prakash

Re: You Can't Solve Problems With Money

fredwilson — Wed, 15 Apr 2009 09:55:46 -0000

I'm glad you responded. I don't delete comments from jerks. I prefer to let them stand and be revealed for what they are. And discussion about them is useful

Re: You Can't Solve Problems With Money

Viktor Bezic — Wed, 15 Apr 2009 09:02:53 -0000

I'm not even sure why I am responding to Tommy's statement.

http://www.youtube.com/watc...

It has nothing to do with Capitalism. If some jerk decides to drink and drive we don't blame the car for the accident.

It is the combination of capital and innovation that is the ultimate driving force in bringing new products and services to market.

Madoff on his own could not have pulled this off. The first people to invest in a ponzi scheme are sometimes aware of their actions but want to get that quick pay out. Everyone should be responsible for their money and know exactly where it is going. If you are not diligent it's your fault.

The government should not intervene and bail anyone out. The market should be left to correct itself. Then investors will think twice about CDO's and complex investment vehicles. The individuals involved should bail themselves out and revive their own companies.

Anyhow, the point is the responsibility resides with the individual.

Fred, keep up the good work.

Re: You Can't Solve Problems With Money

fredwilson — Wed, 15 Apr 2009 05:42:09 -0000

I am glad you think I am a douchebag. And the feeling is mutual.

Re: You Can't Solve Problems With Money

Tommy — Wed, 15 Apr 2009 01:58:11 -0000

Madoff and Friedman were nice decent young men at some point in their lives. So what? you preached bunch of rookies to be exactly what? a freaking VC? or another gaggles of investor advisers known as the ULTIMATE DOUCHEBAGS.

Read the news. Capitalism is over no matter how YOUR kind cling into it criminal tenets.

Re: You Can't Solve Problems With Money

fredwilson — Tue, 14 Apr 2009 06:39:20 -0000

I don't delete comments unless they are hate speech or porn or comment spam

Re: You Can't Solve Problems With Money

loupaglia — Tue, 14 Apr 2009 00:40:32 -0000

classic response Fred. LOL i'm surprised you didn't just delete the comment. so unproductive.

Re: You Can't Solve Problems With Money

fredwilson — Mon, 13 Apr 2009 18:04:10 -0000

Yes, everyone can do that

It's in my creative commons license

Re: You Can't Solve Problems With Money

Jordan Mitchell — Mon, 13 Apr 2009 11:49:01 -0000

Fred, I'm on the board of a nonprofit called the Northwest Entrepreneur Network, and have been involved for almost 10 years now. The sole focus of the organization is to help entrepreneurs succeed. We started a blog last year (http://www.nwen.org/blog/) where we include guest/syndicated posts on topics helpful to entrepreneurs.

Here's the ask ... if I provide a by-line and link back to your blog, make I selectively include some of your posts?

Re: You Can't Solve Problems With Money

fredwilson — Mon, 13 Apr 2009 06:30:18 -0000

Great perspective. I love it

Re: You Can't Solve Problems With Money

fredwilson — Mon, 13 Apr 2009 06:28:09 -0000

Sweet. What was for dinner?

Re: You Can't Solve Problems With Money

fredwilson — Mon, 13 Apr 2009 06:26:12 -0000

Oh c'mon. These were nice decent young people. What could possibly be up your ass that you would write shit like that?

Re: You Can't Solve Problems With Money

Leonid S. Knyshov — Mon, 13 Apr 2009 04:56:17 -0000

I watched the 9 segments.

I found your Twitter story fascinating, especially the reverse pitch aspect. That's part of the reason why I am not actively pitching but instead building my products. I want to have a sufficiently compelling business model that will make people like you call me. :)

I will tell you that it can get very frustrating to bootstrap and go through multiple business models. However, I recall that scaling a business model, which is what VCs do in a nutshell as I understand it, will also scale any fault that may be present in that model, which will be a lot more expensive to correct.

Thank you, enjoyed the session.

Re: You Can't Solve Problems With Money

Michael Fidler — Sun, 12 Apr 2009 19:46:47 -0000

Sorry, but thanks for the link. It was very thoughtful of you to post it for me. I still hope you have or had a wonderful Easter dinner. Take care!

Re: You Can't Solve Problems With Money

daryn — Sun, 12 Apr 2009 19:15:50 -0000

I'm not @kogibbq (i wish!), but hear great things from my L.A. friends!

Re: You Can't Solve Problems With Money

Michael Fidler — Sun, 12 Apr 2009 19:07:38 -0000

The personal touch. Thanks! I'm look forward to trying your food and meeting you! Have a wonderful Easter Dinner. I need to set up my feeds in Boxee later too.

Re: You Can't Solve Problems With Money

daryn — Sun, 12 Apr 2009 16:37:25 -0000

Michael: http://kogibbq.com/ or @kogibbq on twitter.

Fred: Watching on Boxee while making easter dinner!

Re: You Can't Solve Problems With Money

Tommy — Sun, 12 Apr 2009 16:33:04 -0000

So you spoke to the next generation of white collar criminals, hedge fund loving douchebags and Madoff wannabes. They are aspiring to be like those who have turned your country into liquid shit.

BIG FREAKING DEAL.!

Re: You Can't Solve Problems With Money

Michael Fidler — Sun, 12 Apr 2009 13:56:15 -0000

I found this on ff, and started on the second one. I enjoyed it so much, that I went back to see if I missed anything in the first one. It's the video, which makes this so special. I get a better sense for someone when I can see and hear him or her. I also added a question on the end of my last comment in case you missed it.

Re: You Can't Solve Problems With Money

Steve Kane — Sun, 12 Apr 2009 13:49:26 -0000

Bless you, brother Fred.