Unique advice Fred Wilson has for entrepreneurs

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  • nynymike reply While its true that there are lots of good managers out there, its going to be hard for most founders to find a CEO with deep enough domain knowledge to successfully evolve the business model, and the vision that is required to inspire the team and bring them through the inevitable struggles that will certainly ensue. Frankly, I wish everyone would stop asking VC's for their advice, and ask entrepreneurs instead. VC's serve a minuscule number of businesses, and if you examine their success ratio, its terrible. VC backed companies fail more than self-funded companies. So Fred is a smart guy, but I'd rather get my advice on entrepreneurship from a successful bootstrapper.
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