On Tuesday, February 5, I hosted back-to-back events with Fred Wilson, Partner at Union Square Ventures, and Josh Kopelman,Partner at First Round Capital, on behalf of the Alpha Kappa Psi Aspire to Excellence Speaker Series. It was demanding, but the opportunity to listen to Fred and Josh–two of the most prominent venture capitalists on the East Coast–speak about their paths after Wharton, and lessons learned along the way, was well worth the effort.
Fred Wilson – On Being A Contrarian
Fred Wilson (WG’87), who has invested in companies such as Twitter, Tumblr, Foursquare and Zynga and who blogs on AVC, spoke about being a contrarian and the importance of going against the current, beginning his speech with a quote from 18th Century investor Baron Rothschild, who said, “Buy when there’s blood in the streets, even if the blood is your own.” He added that when there is panic in the markets, and everyone has lost of fortune, including yourself, “this is the time to stand by your convictions and buy.”
To read the original article: “Buy When There’s Blood in the Streets” and Other Lessons from Venture Capitalists Fred Wilson and Josh Kopelman | Entrepreneurship Blog
