Fred Wilson Quotes
Money is information, like bits.
Wilson, Fred. AVC, avc.com.
The exact phrase has not been found in Gresham's writings but the idea appeared in a 1558 letter to Queen Elizabeth I. The expression has come to be known as Gresham's Law.
This is the first major history of banks written in the United States.
The majority of the Supreme Court has voted 5-4 that a corporation cannot be limited in the amount of money it spends on an election campaign as curtailing the money that is spend is tantamount to curtailing the amount of speech and spending money to elect a candidate is a form of political speech. Stevens made a major distinction between money and speech and challenged the logic that conflated the two. The nation was polarized on this issue, with liberals and conservatives on both sides of the question.
At the time, a bank note—paper money issued be a private bank—was not backed by any gold or silver and was not insured bym the government. A bank could print as much as they wanted, so it was always worth less as the further you were from the particular issuing bank, the less you could get your bank note, because no one knew whether or not the issuing bank would redeem the note or even be in existence. So every private bank note had diminished value for the public. However, carrying gold and silver around and making change for precious metals was difficult and often impractical. So people used banknotes. The same thing happens with credit cards today. The merchant has to pay a fee to the credit card company and the bank and therefore charges us more for whatever we buy. But most consumers and merchants are willing to pay the difference to obtain the convenience of the credit card,
Fred Wilson is an American businessman, venture capitalist and blogger. Wilson is the co-founder of Union Square Ventures, a New York City-based venture capital firm with investments in Web 2.0 companies such as Twitter, Tumblr, Foursquare, Zynga, Kickstarter, Etsy and MongoDB.
