Built Quote by Fred Wilson
“Internet and mobile product development cycles are measured in months, not years. And the capital required to get a product built and into the market is less than $1 million. And the returns, when things work out, can be enormous.”
About This Quote
Source Interview: The Twenty Minute VC Podcast, Episode 123, 2020
Rapid development and low capital enable fast market entry and potentially huge returns.
In simple terms: Fast cycles, low cost, big payoff.
Key Takeaway
Leverage speed and lean funding.
Themes
innovation
entrepreneurship
speed
capital efficiency
Mood
optimistic
strategic
Type
business
motivational
When to use this quote
- launching a startup
- product iteration
- fundraising
- market testing
Key Concepts
lean startup
market dynamics
risk
scaling
Questions to Reflect On
- How can you reduce time-to-market?
- What risks arise from low capital?
A Different Perspective
Success depends on execution quality and market fit.
