Fred Wilson, managing partner at Union Square Ventures, shed some light today on why his VC firm invested in search engine startup DuckDuckGo, even as it pales next to Google and Bing.
“We didn’t invest in it because we thought it would beat Google,” Wilson said today at TechCrunch Disrupt conference in New York. “We invested in it because there is a need for a private search engine. We did it for the Internet anarchists, people that hang out on Reddit and Hacker News.”