from Fred Wilson, AVC, 2017: I believe that excess capital makes companies weak and unfocused. I believe limited capital makes companies strong and focused. And I don’t believe capital has ever helped a company win a market. Many have tried that approach and it always ends badly. So I encourage all of you entrepreneurs out there to embrace being resource constrained and learn to love operating with less."

from Fred Wilson, AVC, 2017: I believe that excess capital makes companies weak and unfocused. I believe limited capital makes companies strong and focused. And I don’t believe capital has ever helped a company win a market. Many have tried that approach and it always ends badly. So I encourage all of you entrepreneurs out there to embrace being resource constrained and learn to love operating with less."