I’m a big Fred Wilson fan. I’ve seen him speak publicly many times and have always been impressed. I was specifically impressed a few years ago when he took on his own industry by arguing that the government’s treatment of carried interest as a capital gain rather as ordinary income constituted an improper tax break for private equity and hedge fund managers. While I agree with his position, I was mostly just impressed by the fact that he spoke his mind, even in the face of likely negative pressure from his colleagues in his industry.
I’m a frequent reader of his blog and follow him on twitter. His blogging is so good, and so important and helpful to entrepreneurs, and at the same time it’s just good business sense for him because it raises his profile in the entrepreneurial community which improves his deal flow and lowers his cost of capital (since entrepreneurs would rather have as their investor someone with his intellect, experience and bully pulpit).
So as you can tell, I admire him. And then today he topped himself by letting an early-stage VC, Paul Graham (of Y Combinator) publish emails between the two of them about the company airbnb. I highly recommend you read their email thread from 2009.