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.
Fred WilsonBlog-based businesses have lower cost structures and are more 'authentic,' and as a result are drawing larger shares of ad budgets.
Fred WilsonNew York's niche is content, and content is becoming more valuable. Just think about what is more valuable: MTV or the cable system that you use to get MTV? Howard Stern or the radio station you use to listen to him? Ultimately, technology becomes a commodity, and content - real, true branded content - becomes more valuable.
Fred WilsonVenture capitalists are professional money managers. We are provided capital to invest as long as we can return it to our investors with a strong return in a reasonable amount of time. A strong return is three times cash on cash. A reasonable amount of time is ten years max.
Fred Wilson