I usually enjoy reading Fred Wilson’s daily blog posts and today was about USV’s (his VC firm) backing of Indeed in 2005. The most important area to focus on was they decided very early on that they’d be thesis-driven investors.
At the beginning, they were drawn to search and social opportunities – which led them to Indeed.
It turned out to be one of the best decisions they ever made (and could’ve been even more lucrative for them if the company decided to IPO instead of selling to Recruit).
The point of the story is they knew what they were looking for, the stars aligned and they went for it. I’m writing this as a reminder to myself – when I next identify opportunity in front of me, I’ll regret not jumping on board.