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M$1 July 04, 2009 12:23 PM

How did Fred Wilson get started?

Fred Wilson is a tech VC person.
http://en.wikipedia.org/wiki/Fred_Wilson_%28financier%29

He sold Geocities to Yahoo back in the day for ~3.6 billion dollars and has continued his success through the tumultuous markets that the tech industry has experienced.

Can anyone tell me about him before that? What led him to Geocities and tech in general?
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July 04, 2009 04:02 PM
He's been a venture capitalist since 1987 when he was 26 (born in 1961). He has a Bachelors degree in Mechanical Engineering from MIT and an MBA from Wharton. He likely started into venture capital right out of school, as it's fairly reasonable to assume he was in school until he was 26. He worked at Euclid Partners as an associate from 1987-1991 and as a partner from 1991-1996. If he wasn't deep into tech before (and he still might have been), I think Euclid's investments would have finished drawing him in. Between half and three quarters of their portfolio was information technology (the rest was health care). He co-founded Flatiron Partners in 1996, which was tech-only, got involved in Geocities as well as other investments, and you know the story from there.

As for how he was led to Geocities, they wanted to have some sure-win deals to start off Flatiron Partners so he and co-founder Jerry Colonna picked two companies from the portfolios of the companies they previously worked with. Fred picked Multex, Jerry picked Geocities.
Source(s):
http://en.wikipedia.org/wiki/Fred_Wilson_(financier)
http://www.unionsquareventures.com/team/
http://www.linkedin.com/in/fredwilson?PHPSESSID=43e1e470944c7568389d0b435ec...
http://adage.com/digital2009/FredWilson.php
http://www.avc.com/a_vc/2009/04/geocities.html
http://www.euclidpartners.com/pcurrentprior.html



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July 05, 2009 03:09 PM
Fred Wilson is a New York-based venture capitalis and a prominent blogger. Through his well-known blog and his investment in some of New York's notable start-up companies over the past decade, he is recognized as a leading voice of the venture capital finance community in the nation's largest city.

--quote--

Wilson is the co-founder of Union Square Ventures, a smaller ($125 million in capital under management), newly formed, New York City based venture capital firm with investments in Web 2.0 companies such as Twitter, Covestor, del.icio.us, Etsy, FeedBurner, Indeed.com, Tacoda, Oddcast, and Disqus.

In 1996, Wilson co-founded Flatiron Partners with his partner Jerry Colonna. Flatiron, named after the Flatiron District, became a successful, primarily follow-on investment fund in the New York City area, with investments in notable Dot-com bubble successes and failures including Alacra, comScore Networks, Yoyodyne, Geocities, Kozmo.com, New York Times Digital, PlanetOut, Return Path, Scout electromedia, Standard Media International, Starmedia, and VitaminShoppe.com1. 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.2 In 2001, Wilson and Colonna essentially shut down Flatiron (although they still manage what remains of its portfolio). Wilson offered a blunt assessment in July 2005 in Business 2.0, "Yeah, boy, we really screwed up a bunch of things."3

Prior to Flatiron, he was at Euclid Partners. Wilson has a Bachelors degree in Mechanical Engineering from MIT and an MBA from the Wharton School of the University of Pennsylvania. He is married with three children and lives in New York City.

Wilson is also an active philanthropist and community advocate having worked on initiatives including the redevelopment of Union Square and Madison Square in New York City. Currently, Fred is contributing his efforts, energy and expertise to the Pier 40 Partnership

--unquote--
Source(s):
http://en.wikipedia.org/wiki/Fred_Wilson_(financier)


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Voted as best: emmylou, beast1oh1, wdawe
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