1/ VCs go through (at least) 4 stages of growth:
Stage 1: Sourcing. Young VCs can be seen hustling, sharing intel with each other, trying to out-compete each other on deal flow. It’s good to establish strong networks, and reputation as a “connected person”.
Stage 1: Sourcing. Young VCs can be seen hustling, sharing intel with each other, trying to out-compete each other on deal flow. It’s good to establish strong networks, and reputation as a “connected person”.
2/
Stage 2: that step of putting all data AND gut-feelings together, and eventually making a decision on what to actually invest in. Some might even argue its the most imp thing a VC does. You get only a few shots at the goal (but unlike an entrepreneur, it’s always >1).
Stage 2: that step of putting all data AND gut-feelings together, and eventually making a decision on what to actually invest in. Some might even argue its the most imp thing a VC does. You get only a few shots at the goal (but unlike an entrepreneur, it’s always >1).
3/
Stage 3: Helping build a company. Could last several years in every company, and can become a grind...but where your mettle as a Board member, advisor, recruiter, strategic thinker, connector is tested. Vastly more work than short-lasting honeymoon of ‘getting a deal done’.
Stage 3: Helping build a company. Could last several years in every company, and can become a grind...but where your mettle as a Board member, advisor, recruiter, strategic thinker, connector is tested. Vastly more work than short-lasting honeymoon of ‘getting a deal done’.
4/
Stage 4: Finding exits for your portfolio. Building deep and high level networks leading to corporate M&A, IPOs, clutch-saves, and everything in between. Until you’ve done it, you have no clue what this entails.
Stage 4: Finding exits for your portfolio. Building deep and high level networks leading to corporate M&A, IPOs, clutch-saves, and everything in between. Until you’ve done it, you have no clue what this entails.
5/ Some of above only comes with experience. And maybe that’s why this role was always considered an apprenticeship.
Good thing: the industry is always changing, evolving, and so much for everyone to learn at all times!
Good thing: the industry is always changing, evolving, and so much for everyone to learn at all times!
