When Fred Wilson speaks, you have to pay attention. He's nearly always got something interesting to say and agree or disagree, his opinion carries a lot of weig

When Fred Wilson speaks, you have to pay attention. He's nearly always got something interesting to say and agree or disagree, his opinion carries a lot of weight. That being said, you also have to remember that Fred isn't just speaking as an insightful guy with a lot of experience, he's also speaking as a managing partner of USV. As an angel investor or VC it seems you most often are an advocate or evangelist for your portfolio companies. He also disses Gowalla but Foursquare is USV-backed and Gowalla isn't. The counterargument is that Foursquare is a portfolio company and Gowalla isn't precisely for the reasons he cites but you have to consider the evangelism POV too. As for Facebook, saying every Website (and indeed the Web as a whole) is a social graph sounds a little like equivocation to me. It is clearly the juggernaut in the room. Think of Facebook as the country in which you live and all these other Websites are local clubhouses. That's the kind of disparity we're talking about. For many people FB is a photo-sharing site. For others it's a chat site and a site to pick up people. For yet others it's a casual gaming site. Often it's many of these things for people. FB is many things to many people. Fred has also said that FB has basically won and it's here for a generation, which doesn't seem to gel has likening it to Flickr. Take that how you will.