Fred Wilson (financier)

Last updated

Fred Wilson
FredWilsonJI1.jpg
Fred Wilson 2009
Born (1961-08-20) August 20, 1961 (age 62)
Alma mater Massachusetts Institute of Technology, University of Pennsylvania
Known for Blogging, venture capital

Fred Wilson (born August 20, 1961) is an American businessman, venture capitalist and blogger. Wilson is the co-founder of Union Square Ventures, a New York City-based venture capital firm with investments in Web 2.0 companies such as Twitter, Tumblr, Foursquare, Zynga, Kickstarter, Etsy and MongoDB. [1]

Contents

Career

Fred Wilson began his career as an associate and then became a General Partner at Euclid Partners. He worked at Euclid Partners from 1987 to 1996.[ citation needed ]

In 1996 Wilson and Jerry Colonna began Flatiron Partners, which was named after the Flatiron District.[ citation needed ] Based in New York City, it grew into an investment fund that focused primarily on follow-on investing, with investments in notable dot-com bubble successes and failures, including Alacra, comScore Networks, Yoyodyne, Geocities, Kozmo.com, The New York Times Digital, PlanetOut, Return Path, Scout electromedia, Standard Media International, Starmedia, Favemail, and VitaminShoppe.com. [2] The firm's 1996 fund capitalized at $150 million with two investors: SOFTBANK Technology Ventures and Chase Capital Partners, the private-equity arm of Chase Manhattan Corp. The firm later raised another fund capitalized at $500 million with Chase Capital Partners as the sole active LP. [3] In 2001 Wilson and Colonna shut down Flatiron. [4]

In 2004 Wilson and Brad Burnham founded Union Square Ventures. TheFunded.com, a social networking site for technology entrepreneurs, rated him their favorite venture capitalist in 2007. [5]

Wilson was a judge for Mayor Michael Bloomberg's NYC BigApps competition in NYC. [6]

Blogging

Wilson publishes a blog called AVC: musings of a VC in NYC. [7] Wilson publishes one post per day, usually on a topic related to venture capital entrepreneurship or the Internet. [8]

Personal life

Wilson attended high school at James I. O'Neill High School. Wilson is married to Joanne Wilson, a prominent angel investor and author of the Gotham Gal blog. [9] They have three children and live in New York City and Venice Beach. All of his children attended Wesleyan University.

Wilson has a bachelor's degree in Mechanical Engineering from MIT and an MBA from the Wharton School of the University of Pennsylvania. [10]

He is an active philanthropist and community advocate having worked on initiatives including the redevelopment of Union Square and Madison Square in New York City.[ citation needed ] He is also a board member of DonorsChoose.org, an online charity that connects individuals to classrooms in need. Currently, Wilson is involved in the Pier 40 Partnership. [11]

Related Research Articles

<span class="mw-page-title-main">Venture capital</span> Form of private-equity financing

Venture capital (VC) is a form of private equity financing that is provided by firms or funds to startup, early-stage, and emerging companies that have been deemed to have high growth potential or which have demonstrated high growth. Venture capital firms or funds invest in these early-stage companies in exchange for equity, or an ownership stake. Venture capitalists take on the risk of financing risky start-ups in the hopes that some of the companies they support will become successful. Because startups face high uncertainty, VC investments have high rates of failure. Start-ups are usually based on an innovative technology or business model and they are usually from high technology industries, such as information technology (IT), clean technology or biotechnology.

Sequoia Capital is an American venture capital firm headquartered in Menlo Park, California which specializes in seed stage, early stage, and growth stage investments in private companies across technology sectors. As of 2022, the firm had approximately US$85 billion in assets under management.

<span class="mw-page-title-main">Steve Jurvetson</span> American entrepreneur and venture capitalist

Stephen T. Jurvetson is an American billionaire businessman and venture capitalist. Formerly a partner of the firm Draper Fisher Jurvetson (DFJ), he was an early investor in Hotmail, Memphis Meats, Mythic and Nervana Systems. He is currently a board member of SpaceX and served on Tesla's board from 2006–2020, among others. He later co-founded the firm Future Ventures with Maryanna Saenko, who worked with him at DFJ.

<span class="mw-page-title-main">Sevin Rosen Funds</span> American venture capital firm

Sevin Rosen Funds (SRF) is a Texas-based venture capital firm credited with pioneering the personal computing revolution in the 1980s and also venture investing in Dallas. It was established in 1981 by L. J. Sevin, a former Texas Instruments engineer, and Ben Rosen, and was one of the leading investors on the US West Coast.

<span class="mw-page-title-main">Jerry Colonna (financier)</span> American venture capitalist

Jerry Colonna is an American venture capitalist and professional coach who played a prominent part in the early development of Silicon Valley. Colonna has been named to Upside magazine's list of the 100 Most Influential People of the New Economy, Forbes ASAP's list of the best VCs in the country, and Worth's list of the 25 most generous young Americans. He is a co-founder and CEO of the executive coaching and leadership development company, Reboot. He is the host of the Reboot Podcast. He also serves as chairman on the Board of Trustees at Naropa University.

<span class="mw-page-title-main">Metalmark Capital</span> American private equity firm focused on leveraged buyout

Metalmark Capital, formerly Morgan Stanley Capital Partners is a private equity firm focused on leveraged buyout investments in middle-market companies across a range of industries. Metalmark was acquired by Citigroup Alternative Investments in December 2007.

<span class="mw-page-title-main">Chris Dixon</span> American tech entrepreneur, investor

Chris Dixon is an American internet entrepreneur and investor. He is a general partner at the venture capital firm Andreessen Horowitz, and previously worked at eBay. He is also the co-founder and former CEO of Hunch. He was #1 on the Midas List in 2022. Dixon is known as a cryptocurrency and Web3 evangelist.

<span class="mw-page-title-main">Institutional Venture Partners</span> American investment firm

Institutional Venture Partners (IVP) is a US-based venture capital investment firm focusing on later-stage companies and growth equity investments. IVP is one of the oldest venture capital firms, founded in 1980.

Greycroft is an American venture capital firm. It manages over $2 billion in capital with investments in companies such as Bird, Bumble, HuffPost, Goop, Scopely, The RealReal, and Venmo. Greycroft was founded in 2006 by Alan Patricof, Dana Settle, and Ian Sigalow. The firm is headquartered in New York City and Los Angeles.

<span class="mw-page-title-main">Brad Harrison</span> American venture capitalist

Bradley C. Harrison is a venture capitalist. He is the founder and managing partner of Scout Ventures, a venture capital firm that offers entrepreneurs support and capital. Harrison specializes in early-stage companies with a focus on media, technology, and entertainment. He holds three US patents in the search space.

<span class="mw-page-title-main">New Enterprise Associates</span> American Venture Capital firm

New Enterprise Associates (NEA) is an American-based venture capital firm. NEA focuses investment stages ranging from seed stage through growth stage across an array of industry sectors. With ~$25 billion in committed capital, NEA is one of the world's largest venture capital firms.

<span class="mw-page-title-main">Brad Feld</span>

Brad Feld is an American entrepreneur, author, blogger, and venture capitalist at Foundry Group in Boulder, Colorado, a firm he started with partners Seth Levine, Ryan McIntyre, and Jason Mendelson.

<span class="mw-page-title-main">Union Square Ventures</span> American venture capital firm

Union Square Ventures (USV) is an American venture capital firm based in New York City. The firm has backed more than 130 startups, including Twitter, Etsy, Stripe, Coinbase, Zynga, Tumblr, Stack Overflow, Meetup, Kickstarter, MongoDB, Flurry, and Carta.

<span class="mw-page-title-main">Spark Capital</span> American venture capital firm

Spark Capital is a venture capital firm in the United States, responsible for early-stage funding startups of consumer, commerce, FinTech, software, frontier, and media sectors. It has branches in San Francisco, Boston, and New York City.

Bloomberg Beta is an early stage venture capital firm with $375M under management, capitalized solely by Bloomberg. The fund exists to expand Bloomberg's horizons by investing in companies built by extraordinary founders that are creating profound change in the way business operates, with a focus on machine intelligence and the future of work. Bloomberg Beta was recognized by VC review site CB Insights as the #2 investor in AI.

Women in venture capital or VC are investors who provide venture capital funding to startups. Women make up a small fraction of the venture capital private equity workforce. A widely used source for tracking the number of women in venture capital is the Midas List which has been published by Forbes since 2001. Research from Women in VC, a global community of women venture investors, shows that the percentage of female VC partners is just shy of 5 percent.

<span class="mw-page-title-main">Unicorn bubble</span>

A unicorn bubble is a theoretical economic bubble that would occur when unicorn startup companies are overvalued by venture capitalists or investors. This can either occur during the private phase of these unicorn companies, or in an initial public offering. A unicorn company is a startup company valued at, or above, $1 billion US dollars.

Arlan Hamilton is an investor and the founder and managing partner of Backstage Capital. In May 2020, Hamilton released her first book from Penguin Random House entitled It's About Damn Time: How to Turn Being Underestimated into Your Greatest Advantage, which is based on her career in venture capital.

<span class="mw-page-title-main">Venture capital in Poland</span> Overview of venture capital in Poland

Venture capital in Poland is a segment of the private equity market that finances early-stage high-risk companies based in Poland, with the potential for fast growth. As of March 2019, there is a total of 130 active VC firms in Poland, including local offices of international VC firms, and VC firms with mainly Polish management teams. Between 2009–2019, these entities have invested locally in over 750 companies, which gives an average of around 9 companies per portfolio. The Polish venture market accounts for 3% of the entire European ecosystem of VC investments, mainly in the digital space.

<span class="mw-page-title-main">Joanne Wilson</span> American businesswoman and investor

Joanne Wilson is an American businesswoman and angel investor. She is known for backing female-founded companies.

References

  1. "Top venture capitalist Fred Wilson reveals why he's investing in media while others are fleeing: 'I like to zig when other people zag'". Business Insider. Retrieved March 30, 2020.
  2. Lau, Debra (May 17, 2001). "Flatiron Partners Called Back Home". Forbes. Retrieved March 4, 2008.
  3. Greene, Bob (Spring 2001). "Flatiron Partners: Presentation to MIT" (PPT). Retrieved March 4, 2008.
  4. Heilemann, John (July 1, 2005). "Start Spreading the News". Business 2.0. CNN Money. Retrieved March 4, 2008.
  5. "A New Kind of Venture Capitalist Makes Small Bets on Young Firms", The New York Times September 21, 2008, a short profile of Union Square Ventures and Fred Wilson
  6. "MAYOR BLOOMBERG ANNOUNCES WINNERS OF NYC BIGAPPS 2.0 COMPETITION". NYC.gov. 31 March 2011. Retrieved June 5, 2013.
  7. "The Top 20 VC Power Bloggers of 2010", TechCrunch January 19, 2011,
  8. "VC Blogs You Should Follow (And Why): Fred Wilson", Forbes December 18, 2012
  9. [ dead link ] Wilson: The Gotham Gal who invests in women Entrepreneurship " [ permanent dead link ], PandoDaily April 16, 2013,
  10. "About / Fred Wilson". USV Fred Wilson bio page. Retrieved November 20, 2017.
  11. Anderson, Lincoln (October 3, 2007). "Parents group means business on Pier 40's future". The Villager. Archived from the original on July 17, 2011. Retrieved April 13, 2012.