The companies that do the best job on managing a user's privacy will be the companies that ultimately are the most successful. Fred Wilson More Quotes by Fred Wilson More Quotes From Fred Wilson So many folks in the venture capital business are sheep that just want to follow the herd. They are momentum investors purchasing highly illiquid investments. That is a recipe for disaster. Fred Wilson disaster business want sheep The venture business is a bit of an apprenticeship business, so the firm I worked for didn't let me make an investment until I was 30. That was probably a very smart thing. Fred Wilson me investment smart business One of the great things about young entrepreneurs is that they don't know that something can't be done. So they try something that's so audacious and usually end up pulling it off. Fred Wilson end try great know Twitter wasn't planned. It just happened. Fred Wilson twitter planned just happened Start-ups should be hunch-driven early on and data-driven as they scale. Fred Wilson scale early should Internet and mobile product development cycles are measured in months, not years. And the capital required to get a product built and into the market is less than $1 million. And the returns, when things work out, can be enormous. Fred Wilson things internet development work