Fred Wilson’s insight into our economic crisis…
I have worked in three venture capital firms over the past twenty-two years. First at Euclid Partners from 1986 to 1996, then Flatiron Partners from 1996 to now, and Union Square Ventures from 2004 until now. Between all three firms, I’ve been involved in the financing and development of about 200 companies in the past 22 years.
Those 200 companies have, on average, created a couple hundred jobs each over the 5-10 year period of our involvement with them. So that’s about 40,000 jobs in total that the three firms I’ve worked in have helped to create over the past two decades.
Just to be clear, the number of jobs created per company has a wide distribution. Some have created thousands of…