Writing

Fred WilsonFeb 10, 2015

I was catching up on Brad Feld’s blog this morning and saw that he had posted about the “40% rule” for SAAS companies. I was at the same board meeting as Brad and came away similarly impressed by the simplicity of the rule and the logic behind it. Here’s the 40% rule and it is […] Read more (opens AVC in a new tab)

The Carlota Perez Framework

Fred WilsonFeb 8, 2015

I was reading William’s post on the potential crash in the Bitcoin sector this morning and I thought of Carlota Perez. Longtime readers of this blog will know that I am a huge fan of Carlota’s work, her research around technology revolutions and financial capital, and her book about all of that. In […] Read more (opens AVC in a new tab)

Seed Investing At USV

Fred WilsonJan 25, 2015

In our most recent fund, USV 2014, five of our first six investments, have been seed investments. That is probably surprising to many people as USV is not thought of as a seed investor. I wrote a post today explaining why we are doing a lot of seed investing these days and how we do […] Read more

Revenue Multiples And Growth

Fred WilsonDec 11, 2014

When you say “the stock is trading at 20x revenues” people rightly shake their head and say “that is nuts.” I got a lot of tweets like that in reaction to my comments about the Uber valuation in the LeWeb breakfast chat. However, what people fail to realize is these things happen in a moment […] Read more (opens AVC in a new tab)

Revenue Multiples And Growth

Fred WilsonDec 10, 2014

When you say “the stock is trading at 20x revenues” people rightly shake their head and say “that is nuts.” I got a lot of tweets like that in reaction to my comments about the Uber valuation in the LeWeb breakfast chat. However, what people fail to realize is these things happen in a moment […] Read more (opens AVC in a new tab)

Development Is Cheap. Production Is Not.

Fred WilsonDec 4, 2014

This is a line from a blog post written by my brother in law Jerry Solomon. He is talking about film production, specifically short form videos. But the point is true of all projects, from designing a building, a home, a film, an art project, a hardware project, a software project, or whatever. The […] Read more (opens AVC in a new tab)