@NFX ❤️ working with passionate teams with huge ideas ❤️ even more my wife & 3 kids who think my job is to 'meet people & give them money if I like them’😎
Jun 4, 2019 • 12 tweets • 3 min read
1/ Over the years we learned the hard lesson that for a startup, understanding VCs' mindsets is as important as understanding the mindsets of your customers
To start, you have to understand the key psychological drivers behind VCs' investing decisions
nfx.com/post/how-vcs-t…2/ First, understand the economics around a VC. Partners (GPs) in the firm only make money once the fund investors (LPs) return their initial investments. After that, they usually get around 20% of the profit, usually called "carried interest"
