And a few more food trucks wouldn't hurt.
That was some of the advice offered by
"I think it's just as important to have a community where young people want to stay, and be part of, than it is to have the jobs. It's all got to be part of the same thing," said Wilson, who was an early backer of
Wilson also talked about what he looks for when he's deciding whether to invest in a startup and what anyone who is trying to develop the next big thing should keep in mind.
He answered questions from moderator
At Tuesday's session, Wilson said the food truck rodeo that
"What do people want in life? They want to get a job. They want to meet a mate. They want to get married. They want to have kids. They want to raise a great family. They want to have financial success. If you can't create an environment in a city like
He added that Buffalo Niagara needs to rebrand itself within a broader swath of territory that includes its upstate
After his talk, Wilson said that he believes deep-pocketed
"If locals can get it far enough along, then the outside money will come in," Wilson said.
He also said in the interview that he thought the 43North business competition is a good idea, even if none of the finalist companies becomes a grand success, because it put
"Just for PR value alone, it's worth every dollar they've spent," Wilson said.
Highlights from his hour-long talk include:
--Wilson said he believes companies would be wise to get accepted into
"That would be the perfect path if I had to pick one," Wilson said.
-- Wilson said he turned down a chance to invest in Airbnb, the home-sharing company that started with a simple idea and now is valued at
But the company got early-stage funding, executed its simple idea and quickly grew to a size that allowed it to serve its customers and to fend off rivals, Wilson said.
-- He said he only invests in certain companies, so that narrows the set of opportunities he is willing to consider. After that, he said, it comes down to feeling comfortable with the founders and taking a chance on the company and its product.
"Doing due diligence," Wilson said, "can lead to the wrong answer."
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