Personal Thoughts

What the greatest technology investors say about their Personal Thoughts

PERSONAL THOUGHTS POSTS (5 posts)

The following is a list of the post titles by author under this topic.  Scroll further down this page to find the actual blog post by your selected author.   Author’s posts appear in reverse alphabetical order.  For example, following this list, Fred Wilson’s post appears towards the beginning of the blog page, and Jason Calacanis’ posts appear towards the end of the blog page.  

JASON CALACANIS   (2 posts)

Jason Calacanis:  Probably 95% of Successful Businesses Pivot

Jason Calacanis:  Nothing Great Comes from Avoiding Failure

BILL GROSS  (2 posts)

Bill Gross:  A Most Important Entrepreneurial Lesson

Bill Gross:  The Great Thing about Failure

FRED WILSON   (1 post)

Fred Wilson:  Social Proof is Nonsense

 

Fred Wilson: Social Proof is Nonsense

Fred Wilson venture capitalist and Co-Founder Union Square Ventures

“I have always hated the idea of social proof. It's just the herd instinct at work. It's nonsense.

If you can't figure out why you like an investment and why it will be successful, don't make it. []

But we don't care who else wants to invest. In fact, I'd prefer if nobody else wants to invest in it. That would be great.

Make up your own mind. Don't follow the herd. Don't chase.”  Fred Wilson, Social Proof Is Dangerous, Jun. 6 2012 http://www.avc.com/a_vc/2012/06/social-proof-is-dangerous.html

The Great Thing about Failure

Bill Gross Founder and CEO business incubator Idealab

“The great thing about failure and experimentation: You learn so much, and you can usually apply your new wisdom to future ventures, and give them a greater chance for success. That's what I've tried to do, so far, with my four decades of entrepreneurial experiences: Learn from them and build on them.” Bill Gross, BILL GROSS: Here Are The 12 Lessons I've Learned In My 30 Years Of Being An Entrepreneur, Dec. 15, 2011

http://www.businessinsider.com/bill-gross-lessons-2011-12#theres-no-substitute-for-failure-40#ixzz1j6EDsOzm

 

A Most Important Entrepreneurial Lesson

Bill Gross Founder and CEO business incubator Idealab

“When you have a great idea, stick with it despite what the critics say. [] This is one of the most important of all entrepreneurial lessons.”  Bill Gross: Here Are The 12 Lessons I've Learned In My 30 Years Of Being An Entrepreneur, Dec. 15, 2011;  http://www.businessinsider.com/bill-gross-lessons-2011-12#lesson-9-stick-with-it-32#ixzz1j6CL7bdK

Nothing Great Comes from Avoiding Failure

Jason Calacanis entrepreneur and angel investor discussing Elon Musk

Calacanis discussed the difficulties and failures that Elon Musk CEO Tesla and Space X, had over the years with Space X prior to its successful spacecraft launch. 

“[] the lesson here is resiliency.  Because nothing great doesn’t come without a lot of failure, a lot of heartache, a lot of pain. That is the lesson of entrepreneurship for me.” Jason Calacanis  TWiST (This Week in Startups) #262  News Panel with David Carter and James Altucher @ 1.09 hr. into interview,  Published Jun 2, 2012 ;  http://www.youtube.com/watch?v=0FkbLGguOmk

Probably 95% of Successful Businesses Pivot

Jason Calacanis entrepreneur and angel investor

“[] It’s probably 95% of successful businesses pivot.  Nobody gets it right the first time.  By definition because if your first idea is your best idea, then you’re probably not a very dynamic entrepreneur, right?  If you say [] when I was 25 years old [I] came up with my best idea, and I didn’t have another great idea for the next 20 years of my career, something is wrong.”  Jason Calacanis, TWiST Meetup, London vs. Berlin - TWiST #270 @ 45 min., Published on Jun 29, 2012; http://www.youtube.com/watch?v=W_6h8XWfUO8