Fred Wilson’s Miracle Quarter, Plus the Merits of Being Cheap

Some excellent pearls in this conversation with Fred Wilson of USV in NYC today. Among other things, he says that in a three-month window in the fall of 2007 his firm funded Twitter, Tumblr, and Zynga, which may turn out to have been a miracle quarter. In more sobering news, he says is is passing on more deals than ever. Why? Because they’re expensive, and he’s “cheap”. Welcome to my world.

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