>It's not clear how different this is from say hedge fund? I would imagine it's the same set of people Although a hedge fund and a venture capital fund look su

>It's not clear how different this is from say hedge fund? I would imagine it's the same set of people Although a hedge fund and a venture capital fund look superficially the same, they attract very different types of people because they specialize in different aspects of finance. I wrote a previous comment on this.[0] Many folks who start hedge funds or join hedge funds come from traditional banking sectors like ex-Goldman Sachs, ex-Citi, ex-MorganStanley, etc. Their mental model is arbitrage and finding inefficiencies in financial markets. In contrast, the type of people who start VC funds often come from the tech industry. E.g. ex-Intel, ex-Google, ex-Netscape etc. Their dominant perspective is growing new startups that beat the competition. E.g. The VC Marc Andreessen was not an ex-banker. He was the Netscape wunderkind programmer. Yes, sometimes some lower-level VC partners come from Wall Street (e.g. KPCB partner Mary Meeker was analyst at Morgan Stanley) but the prominent names in VC came from the technology sector. Likewise, the next generation of VCs will come from employees of today's tech unicorns. The disposition and personality of a venture capitalist is closer to an angel investor rather than a hedge fund partner. The angel is just investing his own money to grow a hot new company whereas the VC is investing others' money. [0] https://news.ycombinator.com/item?id=21365966 https://news.ycombinator.com/item?id=21365966