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'Yahoo Dead to Me Now': Venture Capitalist

Tuesday, 13 Mar 2012 | 1:22 PM ET
Fred Wilson, managing partner and co-founder of Union Square Ventures
Bloomberg | Getty Images
Fred Wilson, managing partner and co-founder of Union Square Ventures

Fred Wilson, a prominent New York-based venture capitalist, is not too pleased with Yahoo's lawsuit against Facebook. In fact, he hates Yahoo now.

"The patents that Yahoo! is suing Facebook over are a crock of sh*t," Wilson posted on his blog, AVC, Tuesday.

Wilson, the co-founder of Union Square Ventures, said that Yahoo "crossed the unspoken line" when it filed a lawsuit against Facebook because web companies do not "sue each other over their bogus patent portfolios."

Wilson said his complaints against Yahoo are not meant to defend Facebook, but to express his anger that Yahoo would file a lawsuit about "bogus patents."

"I am writing this in outrage at Yahoo! I used to care about that company for some reason. No more. They are dead to me. Dead and gone. I hate them now," Wilson stated.

Whew! Why don't you tell us what you really think, Mr. Wilson.


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