Investing in management means building communication systems, business processes, feedback, and routines that let you scale the business and team as efficiently as possible.
Fred WilsonEarly in a startup, product decisions should be hunch driven. Later on, product decisions should be data driven.
Fred WilsonBoard meetings should not be for the benefit of the board. They should be for the benefit of the CEO and the senior team.
Fred WilsonCustomers 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.
Fred Wilson