Fred Wilson: Why Foursquare Should Have Turned On Its Revenue Model Earlier, While Twitter Can Wait

One lesson every investor seemed to take away after the dot-com bubble was to invest in companies that have a clear-cut business strategy. Fred Wilson, however, would rather focus on making a great product first and scale the business from there.

Also, does Fred Wilson think Twitter will eventually build a business that supports a $7 billion private-market valuation?

"Yeah, I hope so."

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Produced By: Kamelia Angelova, William Wei, & Corey Nachman

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See Also:

• Fred Wilson: Raising Too Much Money Makes Me Uncomfortable
• What Are You Doing To Prepare For The Rapture? [VIDEO]
• The Art Of The Pivot: Why And How To Reinvent Your Startup On The Fly (VIDEO)

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