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Fred Wilson › Comments

Fred Wilson
Re: Burn Baby Burn - http://avc.com/2014...
"capex could be building out the SF offices, it could be servers, it could be anything it could be a truly one time thing or it could be an ongoing thing one never really knows unless you can drill down and get the details but even after spending something like $90mm on capex in the most recent quarter, they had a surplus of cash flow they are most certainly not losing money on a cash basis" - Fred Wilson
Fred Wilson
Re: Documenting A Trip - http://avc.com/2014...
"ah, good to know thanks" - Fred Wilson
Fred Wilson
Re: Burn Baby Burn - http://avc.com/2014...
"from the cash flow statement in the most recent quarter https://www.google.com/finance... twitter had $124mm of cash flow from operating activities that's a lot of cash flowing from the business" - Fred Wilson
Fred Wilson
Re: Burn Baby Burn - http://avc.com/2014...
"not necessarily because the cost of that stock is being valued at current prices, not the prices at issue. and you'd have a lot less dilution if you paid cash. gaap accounting on options is a double dip (and wrong in my mind), you take both a P&L hit and a dilution hit. you pay for it twice." - Fred Wilson
Fred Wilson
Re: Burn Baby Burn - http://avc.com/2014...
"we are not enabling it. we are fighting it. and losing. we never ever push money on entrepreneurs. we almost always offer less money at a lower price than what others offer. it's a source of great pride. we put our money where our mouth is." - Fred Wilson
Fred Wilson
Re: Burn Baby Burn - http://avc.com/2014...
"i have gotten way more tolerant of risk and way more sensitive to it at the same time" - Fred Wilson
Fred Wilson
Re: Documenting A Trip - http://avc.com/2014...
"elizabeth - i took this photo so i could post it in a reply to this comment. you'll have to click through to the web to see the photo in the comment. we drank this wine the other night. it was a 1981 Lopez. and it was fantastic." - Fred Wilson
Fred Wilson
Fred Wilson
Re: Burn Baby Burn - http://avc.com/2014...
"Twitter got its act together, built a strong revenue operation, and is now printing cash. it's time for entrepreneurs to emulate that" - Fred Wilson
Fred Wilson
Re: Burn Baby Burn - http://avc.com/2014...
"right. but i am not including any of them in that comment. i guess i could have been more specific. the truth is the companies in our portfolio with hundreds of millions of annual revenues are profitable." - Fred Wilson
Fred Wilson
Re: Doubling Down On Ridesharing - http://avc.com/2014...
"great point!" - Fred Wilson
Fred Wilson
Re: Burn Baby Burn - http://avc.com/2014...
"someone has to cover the burn. tumblr's annual burn was almost 50% of the size of our entire fund!!!" - Fred Wilson
Fred Wilson
Re: Burn Baby Burn - http://avc.com/2014...
"great point. you have to be intellectually honest to yourself. just because someone will pay the price doesn't mean its worth that much." - Fred Wilson
Fred Wilson
Re: Burn Baby Burn - http://avc.com/2014...
"yeah, it's called my brain" - Fred Wilson
Fred Wilson
Re: Burn Baby Burn - http://avc.com/2014...
"Bullshit Kid. Twitter has massive quarterly free cash flow. Its the non cash expenses, mostly options expenses, that cause them to report gaap losses. You can see it in the cash balances going up every quarter on the balance sheet even in quarters where there is no financing event" - Fred Wilson
Fred Wilson
Re: Burn Baby Burn - http://avc.com/2014...
"See my reply" - Fred Wilson
Fred Wilson
Re: Burn Baby Burn - http://avc.com/2014...
"Yessssssssssssss" - Fred Wilson
Fred Wilson
Re: Burn Baby Burn - http://avc.com/2014...
"You can influence as a board member but if the board has a bunch of VCs on it who piled the money in at stupid prices in the first place you may not have much influence" - Fred Wilson
Fred Wilson
Re: Burn Baby Burn - http://avc.com/2014...
"I disagree completely and have written why many times here at AVC. It is exactly this kind of thinking that Gurley is railing against and he's right to be doing so." - Fred Wilson
Fred Wilson
Re: Burn Baby Burn - http://avc.com/2014...
"Yeah And that's why they had to be sold even though they had huge potential" - Fred Wilson
Fred Wilson
Re: Burn Baby Burn - http://avc.com/2014...
"Yeah. Taking risks is important. But there is such a thing as too much" - Fred Wilson
Fred Wilson
Re: Burn Baby Burn - http://avc.com/2014...
"We see something like 20 or 30 companies a week come through our doors and pitch us and reveal financials to us. So does Benchmark" - Fred Wilson
Fred Wilson
Re: Burn Baby Burn - http://avc.com/2014...
"I used to think and write about this topic a lot. I'm fine with monetizing but I think you have to keep the content free and open or your audience will dwindle and eventually you will be irrelevant" - Fred Wilson
Fred Wilson
"I bet I can kill a plant faster than you can" - Fred Wilson
Fred Wilson
"I feel the same way about the piece of crap phone that you are paying $600 each year to upgrade I love my android and would never ever switch to apple crap And I hate the Pats more than Apple #hating" - Fred Wilson
Fred Wilson
Re: Burn Baby Burn - http://avc.com/2014...
"Return on investment" - Fred Wilson
Fred Wilson
Re: This is another disqus-powered test - https://dev.usv.com/posts...
"This is another disqus-powered test http://www.theatlantic.com/tec... For this, I updated the code to include the title and URL in the original disqus comment.  This should help make that a little bit clearer, when people get it in their email." - Fred Wilson
Fred Wilson
Re: Burn Baby Burn - http://avc.com/2014...
"Everyone" - Fred Wilson
Fred Wilson
Re: Burn Baby Burn - http://avc.com/2014...
"easier said that done. trust me on that." - Fred Wilson
Fred Wilson
Re: Burn Baby Burn - http://avc.com/2014...
"well a simple measure might be how much much value you are creating each year divided by how much cash you are burning each year. if it is not 5x or 10x, then you might be burning too much if you are burning $100mm a year, as some companies are, then you'd better be creating $500mm per year in incremental value you know what i mean?" - Fred Wilson
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