"So You Want to be a VC"
Im enjoying this week in Boston visiting students promoting my new book - Runnin Down a Dream. Not surprisingly, many ask me about trying to break into venture capital. I wrote a letter answering this question 15 years ago. I would send it out when people inquired. I'm making it public for the first time - with zero modifications.
1) I think it holds up well
2) make sure and read my new book also
3) I probably can't help with followups (as suggested in the letter)
Hope you find it useful. Good luck!
Hot take that shouldn’t be hot:
Using this crisis to shame people living in Dubai or the Gulf for “not paying their 40-50% tax like most Europeans” misses the point entirely.
This isn’t a revenue problem.
It’s a spending problem.
Fix the leak before demanding more water.
How can I stop myself from making the same mistake so many investors make: following the market more than conviction?
Practice I guess… the 10.000 hours rule.
While I’m not sure I ever will raise a fund - maybe I will, maybe I won’t - my aim is to act like a VC even before being one so that I gain valuable and ultimately transferable skills.
Once our basic needs are met, many people don’t want to work anymore. However there’s something I came to realise:
You may not want to work anymore but you want to build something!
A quick book update. Many @BG2Pod listeners made it clear they wanted "me" to read the audiobook. I can confirm that I am the narrator! (you may need to go 1.3X however) Pre-order the audio here: https://t.co/oiSywLMSxG
Just got my first hard-covers also. 2.24.26 launch.
I’m 33 now. I know a lot of people and keep meeting new ones. If this is only the beginning, how many people will I know in 30 years time? Fascinating thought.
Vor allem braucht es in der #EU einen Kurswechsel hin zu mehr #Subsidiarität. Die EU muss wieder stärker werden in den großen Fragen und sich in Bereichen zurücknehmen, wo die Mitgliedsstaaten besser selber entscheiden können! 3/3