As 2011 comes to a close, we asked several venture capital investors to reflect on the past year and give us their outlook for 2012. Continuing our series is Peter Fenton, general partner of Benchmark Capital.
Fenton talks about how Twitter defined this year, and how the key to success next year lies in venture firms asking themselves hard questions.
Looking back, how would you characterize 2011?
The rise of Twitter defined 2011. Once every 5-7 years, a company emerges that changes not just the technology industry, but the world…after what some viewed as a rocky start, in 2011 Twitter broke through into the elite group of companies that profoundly shape our world. From the Arab Spring, to the live-tweeting of Osama Bin Laden’s death, in 10 years we will look back and say, “Google in 2001,” “Facebook in 2007,” “Twitter in 2011.”
To read the full, original article click on this link: VC Outlook: Benchmark’s Peter Fenton Says Authenticity Key To 2012 - Venture Capital Dispatch - WSJ
