Technology in Istanbul

Fred Wilson is the co-founder of VC fund Union Square Ventures. The fund’s investments include Twitter, Tumblr, Foursquare, Etsy, and Kickstarter. His blog AVC, where he blogs daily, was also the inspiration for my daily blogging.

Fred and his wife spent their wedding anniversary in Turkey this weekend, and Fred blogged about technology in Istanbul yesterday. My key takeaway from the post was Fred’s correct assessment that Turkey is “… a place where social, mobile, local, messaging can take off as well as anywhere in the world …”.

In addition to Yemeksepeti’s recent $589M exit, our investments in companies like Bitaksi, Modacruz, and Connected2.me prove Fred’s point.