Fred Wilson of Union Square Ventures on thesis investing:
Thesis driven investing involves drawing a picture of where your particular area of focus is going. I like to take a five to ten year view. And once you have mapped out that picture, it becomes your thesis. And you evaluate every investment you make in the context of that thesis.
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On slow capital, another point of agreement with Mr. Wilson. Slow capital
1) doesn’t rush to conclusions and doesn’t expect entrepreneurs to do so either
2) flows into a company based on the company’s needs, not the investor’s needs
3) starts small and grows with the company as it grows
4) has no set timetable for getting liquid: slow capital is patient capital
5) takes the time to understand the company and the people who make it up
read the whole thing here, from A VC
