Source: BostonVC blog, Feb 2012
- “Start-ups should be hunch-driven early on and data-driven as they scale“. What was interesting was discussing the profile of the entrepreneur that has good hunches – often they come from outside the domain, yet are obsessed with the opportunity to disrupt the new field with a fresh perspective.
- Fred is skeptical of businesses that involve gate-keepers. In fact, he encouraged the students to look for industries that have gate-keepers, and compete directly with them (e.g., education).