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Not necessarily on B. I'm more talented than 99% of people in finance, including the major decision makers. However, that doesn't give me an "opportunity to pro
by pw0ncakes 17y ago
Not necessarily on B. I'm more talented than 99% of people in finance, including the major decision makers. However, that doesn't give me an "opportunity to profit". We're talking about VC here, which requires a huge cash base before it converges. I don't have one.
- byrneseyeview 17y agoNo, that goes back to a). It's a moot point to say that you'd be a good venture capitalist, if only you had money, but that the characteristics that get someone VC-level money also make them bad VCs. The MBA who can raise a $100 million fund is clearly a better VC than you, even if you're more talented, because he's actually a VC.
- pw0ncakes 17y agoThat has everything to do with connections (e.g. accidents of history, in many cases before many of us were born) and nothing to do with personal merit.
- byrneseyeview 17y ago"Everything" and "nothing" are pretty strong terms! Good connections obviously help people raise money, which helps them make investments, which is what makes them VCs. But I've never met a dumb VC, and the only "lazy" ones I meet are better described as "efficient." The VC's job is to raise money, invest it in promising companies, and help them realize the maximum possible value of that investment. Being good at the last two is nice, but being unable to raise money would make it pretty tough for you to become an investor.