"today's episode of this weekend startups is brought to you by lead genius higher quality leads and customized customer data at scale schedule a free demo at Le genius.com and by Citrix go to meeting m..."

"today's episode of this weekend startups is brought to you by lead genius higher quality leads and customized customer data at scale schedule a free demo at Le genius.com and by Citrix go to meeting m..."

"stop talking let's just get to it Fred Wilson legendary Adventure [Music] topist is the root of all evil what funny how he feeds my people we ain't going to live like equals until we get the money spe..."

"this weeking startups features perhaps the best fireside chat of the entire event and perhaps the history of the eight years of launch Festival it's with Fred Wilson you know him he's the Venture cap ..."

"yeah that's a good question um relevance in society and return on investment both of those well relevance in society probably Twitter um just because you know terrorists want to kill the founders of i..."

"an amazing firesight chat like I said many people told me it was the highlight of the event I want you to get a paper pen take notes listen to it twice don't be afraid to hit the pause key and Rewind ..."

"March of 2007 and that's when I started using it and that's when I started getting excited about it was it SMS only when you got on or had they launched the website I used it via SMS right and at that..."

"through all three days um and I love having a pack room and my next speaker I've been hoping to get out to the Left Coast um he's one of my oldest friends in the industry um in fact I only have one or..."

"explain why can't be you haven't retired and you have hidden your shride at Union Square just just go over the top five or 10 portfolio companies in terms of performance at Union Square Ventures perfo..."

"partner Brad and I uh flew out to San Francisco and aition auditioned for the role if you will uh with Jack and EV and they asked us a bunch of questions that I think they already knew the answers to ..."

"capitalist come off the board of a company like that because it is a rocket ship it is a unicorn you you would have preferred to stay on it or no I wanted to get off um and I think they wanted me off ..."

"pretty relevant yeah I mean when Isis doesn't like your company you've hit a high water mark I mean it's sad and disturbing I mean this is credible is it not I don't know I honestly don't I read my da..."

"the Venture business you actually have the ability to impact your investment whereas if if you're a public market investor you normally don't have that capability a lovely genius so much I invested in..."

"Twitter back in 2006 or seven when did it was really I I got on Twitter in March of 2007 and that's when I started using it and that's when I started getting excited about it was it SMS only when you ..."

"right Odio was their podcasting failed attempt um and as EV always says he didn't he wasn't a podcaster right kind of understand that but at the time I won't say exactly who but you were up against on..."

"lead genius.com twist who doesn't need more clients okay let's get back to the amazing episode let's talk about Kickstarter yansy was here on Monday right now yansy told you right when he took your mo..."

"going to fill in the blanks because they spoke here earlier [Laughter] um you beat out the top firm in the country the world what was it that made Evan Williams pick Union Square and Fred Wilson over ..."

"are going to be true to that above and beyond any Financial considerations they raise they raised $10 million for the pebble in under 4 right but under 48 hours right so now it's at 15 the first Kicks..."

"majority of it is these little five to 10 15 $20,000 projects of which there are thousands of and that's really what make Kickstarter special people can come on into that community and come onto that ..."

"manufacturers would you roll out monetization quickly would you you know do this would you do that and we were like no no no no no we would just scale the product you know keep doing what you're doing..."

"stuff I'm telling you right here in the in the text here is super easy fewer po quality leads more time selling more Revenue you get that but it's easier for me to just tell you how it works from my h..."

"understand why the movie business hasn't moved on the kickstar I don't understand why the games business isn't fully on Kickstarter I don't understand why the music business isn't fully on Kickstarter..."

"to make money if you believe something that everybody already believes then you're not going to make money it's already been done right so the only way to make money is to believe something that turns..."

"amazing episode let's talk about Kickstarter yansy was here on Monday right now yansy told you right when he took your money it was Perry actually oh Perry told you right Perry told you number one we'..."

"became one of my lifelong friends he had um a heck of a ride with Zinga right still a successful company uh but a little bit of ups and downs how do you look back on that Arc in Mark's life that part ..."

" it, doesn't, matter, what, matters is was Perry or Perry and yansy going to build a great company right and if they build a great company at some point someone's going to come along and want to buy m..."

"the bottom oh we got rid of everybody we still have Mello yeah but he's benched for the year yeah no knee we might hit 20 wins maybe so so so zinga's in a in a New York Knicks like slump right now but..."

"sort of ownership or governance structure that's going to get in the way of what's in the best interests of the company and the creative people who raise capital for their passions on that platform an..."

"you expect that honestly no I didn't I I didn't really focus on it the the thing of it is that everybody pays attention to these gadgets that raise big numbers on Kickstarter the honest to God truth i..."

"comes from David you know he just he has that thing that E Williams has and Jack dorsy has and Mark Zuckerberg has and you know lots of great entrepreneurs have he just knows how to build a great prod..."

"did the right thing and Google it's sort of like what Google did with YouTube like we know this thing works right let's support it in the ways we can but not have everybody as ruoff said yesterday run..."

"understand why a Quenton Tarantino goes to the studios and takes his money from them when and gives them a you know a bunch of you know equity in his his creative project when he could just go to his ..."

"wrong because if that turns out to be right right so if you believe something that every one else believes is wrong and it turns out to be wrong you're not going to make money if you believe something..."

"it goes when I use it my chief of staff will tell people hey have a great headset hey have multiple people on headsets hey use the Voiceover IP it's amazing hey get this 1080p camera or just use the o..."

"became one of my lifelong friends he had um a heck of a ride with Zinga right still a successful company uh but a little bit of ups and downs how do you look back on that Arc in Mark's life that part ..."

"those blockchain uh Internet of Things Mesh networking um why is Mesh networking important you know I keep hearing people talk about it being important but then I see Wi-Fi and I see you know 4G you k..."

"you know look one hit game and they could be right back I still own a bunch of stock because I know that just one good game and they'll be right back on top of their game right it's like a draft pick ..."

"entire city this could be done in any City and it's really inexpensive to do and they're going to go live in Barcelona soon that's probably shouldn't be public I'm sorry that I made it public but anyw..."

"out and convince people to believe in what he was selling because he's got that you're spending a little bit of time on the west coast right explain what your thesis is about the United States the maj..."

"really great um sustained product and Engineering efforts and I think I learned how important that was and New York today your thesis was always New York would play a major role I had that thesis too ..."

"them off all right let's look at the big companies for a second here you have to interface with the big companies on a regular basis and you see how they're operating take me through Google Facebook T..."

"business so I think New York kind of figured out how to how to build tech companies um and it takes a while and I think it's still figuring it out um and and you know it's still figuring out new trick..."

"product and it still is a great product even two years after Yahoo bought it it's still a great product and I still use it every day I think it is the best blogging product out there I know they don't..."

"think it's a great company and it's run by its founder which is always an amazing thing let's go across the street to Facebook then look at that company they now have uh Instagram and WhatsApp right t..."

"they are now in that you know tier of of super amazing companies okay now Apple now we don't have the they're at the top of that tier right they're the most valuable company in the world I've never lo..."

"did the right thing and Google it's sort of like what Google did with YouTube like we know this thing works right let's support it in the ways we can but not have everybody as ruoff said yesterday run..."

"recipe to lose money okay what about the car you you think they're going to do a car you think they're going to buy Tesla you think they should shouldn't what's your thought why would they buy Tesla i..."

"it goes when I use it my chief of staff will tell people hey have a great headset hey have multiple people on headsets hey use the Voiceover IP it's amazing hey get this 1080p camera or just use the o..."

"those blockchain uh Internet of Things Mesh networking um why is Mesh networking important you know I keep hearing people talk about it being important but then I see Wi-Fi and I see you know 4G you k..."

"figure out iCloud where is it how do I get my files and then you go in there and you find your files and you're like wait these are half my files where are my photos they're like oh no your photos are..."

"how they're sort of wired up when you look at yourself and you look at your career now what do you think your strength is uh and has it changed yeah I think I've become softer and and more uh Zen over..."

"entire city this could be done in any City and it's really inexpensive to do and they're going to go live in Barcelona soon that's probably shouldn't be public I'm sorry that I made it public but anyw..."

"by anybody I get hundreds of those every day so I'm not replying to everyone and it's a random thing it's not totally random I look at subject lines and stuff you know I mean so every day you have a c..."

"of a I'm always that way I'm always willing to compromise what what are your weaknesses and what would that is a weakness that is a weakness in a way yeah well yeah like you said two sides what about ..."

"with numbers and I'm I'm I'm good at kind of putting pieces together and understanding things um but I didn't understand the people side of the business and I just happened to get very lucky that I go..."

"companies it's very competitive here uh and it's a lot less competitive in most other parts of the of the country and most other parts of the world and so if we find somebody like XA in in Porto or Al..."

"know you just try to be magnanimous about it right because you want to piss them off all right let's look at the big companies for a second here you have to interface with the big companies on a regul..."

"way was was was you know I mean was there something that you know you could have gotten right that you didn't get right or something you know like you can get you can get to that answer but you don't ..."

"talk about a business model when you started as a blogger though no VC would blog no that's not true David Hornick was blogging okay so there's one other one who was who had Brad felt started no Brad ..."

"by its founder which is always an amazing thing let's go across the street to Facebook then look at that company they now have uh Instagram and WhatsApp right they and they broke out Facebook Messenge..."

"they are now in that you know tier of of super amazing companies okay now Apple now we don't have the they're at the top of that tier right they're the most valuable company in the world I've never lo..."

"there's a lot of entrepreneurs who never walked into my office because they were scared to death that I would blog about what they were doing they didn't want me to do that um so you give a disclaimer..."

"Square but Union Square is dipping down into Angel Investing again seed seed I mean yeah not Angel what's the difference there 250 500 No No Angel is I think when a person makes the investment when An..."

"recipe to lose money okay what about the car you you think they're going to do a car you think they're going to buy Tesla you think they should shouldn't what's your thought why would they buy Tesla i..."

"public markets that doesn't make any sense to me but why is that the case because um the private markets allow you to run a auction that you have to um win with a price in the public markets you know ..."

"it would have taken four years of pain out of the Apple ecosystem it's still bad icloud's still bad I still can't figure out iCloud where is it how do I get my files and then you go in there and you f..."

"how they're sort of wired up when you look at yourself and you look at your career now what do you think your strength is uh and has it changed yeah I think I've become softer and and more uh Zen over..."

"be it's just exact they're they're mere images of each other my partner Brad's very principled he's always like what's the right answer it's like yeah but we're never going to get to the right answer ..."

"made you the way you were in that first half of your career well the first half of my career I was very financially motivated very analytical I I I I'm good with numbers and I'm I'm I'm good at kind o..."

"teach you so much tell me about it five years into that Journey what did you learn from your kids how to be patient how to be supportive and critical at the same time uh how to be there what's the ans..."

"by any stretch of the imagination you could have retired after the first fund you could have retired of the second third fourth Etc you're still in the game to me you seem more engaged than ever you s..."

"started as a blogger though no VC would blog no that's not true David Hornick was blogging okay so there's one other one who was who had Brad felt started no Brad I think came after me yeah um but nob..."

"so the next 10 20 years for you you're going to retire you going to Angel invest you sort of did this blog post you like Angel Investing you watch Joanne doing Angel Investing and getting a little jea..."

"is it getting too frothy right now with these huge valuations and how do you look at it you've been through three or four of these bubbles we've both been through them what what does your spidey sense..."

"actually trade in the public markets um and that's dangerous that happened to Zinga right they went out at the same price as the private price I think or similar yeah I mean there's been a lot of comp..."

"that I can tell you for sure and are you reducing your exposure to the public markets moving more into Cash moving out of the public markets dway and I don't own any public stocks that that we didn't ..."