3 ms·
being a VC is hard, but the surprising part is how and where. it's not in picking investments, as we might imagine at first blush, but in constantly securing fu
by clairity 6y ago
being a VC is hard, but the surprising part is how and where. it's not in picking investments, as we might imagine at first blush, but in constantly securing funding, accessing good deal flow, building relationships, making connections/deals (partners, companies, customers, employees, etc.), gathering (private) information, etc.
once you do all that hard stuff, picking the investments is relatively easy, and mostly a numbers game, because any (large enough, ~60+) portfolio of not-unviable investments will perform reasonably, assuming you do, and keep doing, all the hard things noted above.
it's mostly tending to people and being proximate to both talent and wealth. only a small slice of the job is picking investments.