Fred Wilson (can you tell I read his blog?) also just posted on how he is seeing a lot of “dumb” money around - as in bubble money. I think he means VC’s who throw money at companies when they don’t understand the space, the product or the team…. I think. I am pretty sure I know what smart money is, but I am not so sure what dumb money is. However, I have always preferred smart money. That means an investor/team that knows our space, has operational experience in consumer products and “gets it” (which is tough for the emerging music and social space). That said, dumb is a very very relative term - and most important to us is a very smart partner - regardless of background.

Originally published on WordPress on March 18, 2007. Migrated to this blog on May 29, 2025.