-Okay, what’s our back story?
– We’re brothers from New Hampshire. We’re venture capitalists.
-I’m sick of that. Let’s be from Vermont. And let’s have an emerging maple syrup conglomerate.
Wait, that’s stupid. We don’t know anything about maple syrup.
-I happen to know everything there is to know about maple syrup! I love maple syrup. I love maple syrup on pancakes. I love it on pizza. And I take maple syrup and put a little bit in my hair when I’ve had a rough week. What do you think holds it up, slick?
But in all seriousness, a venture capitalist, also know as a VC, is a person who manages a pool of money, not their own, and invests it in businesses and ideas that will hopefully be profitable. In a nutshell, VCs fund startup companies. They give startup companies, such as FB, a bucket of money and expect to turn a profit.
Historically, VCs have been the guys in black suits who threw you over a barrel and took away your ownership of the company, that is until Fred Wilson came onto the scene. Wilson is responsible for funding: Foursquare, Tumblr, Zynga, Etsy and even Twitter. He has been sharing his wisdom on his blog, AVC(musing of a VC in NYC), for the last 7 years. It is definitely worth checking out – he’s probably the biggest guy in web three dot oh.
We’d give anything for 5 minutes with him. Not only does he have the power to bankroll our operation for the next thousand years, but more importantly, he has 20+ years of experience in web companies. If you are reading this Fred, give us a call – we want you.