Saying No Helps Define Your Company
Venture capitalist Fred Wilson of Union Square Ventures tells Robin Gill, senior vice president of City National Bank’s Technology Group, why it’s important for entrepreneurs to sharpen their focus and say no to more things.
USV’s investment strategy limits its opportunities – only about 10% of the deals that come their way fit into their investment strategy. However, working within this strategy allows the firm to build “deep domain knowledge.”
“There are a few firms that pull it off...but it’s hard... to be really good at everything.”