Tuesday, May 24, 2005

How to become a venture capitalist

Venture capitalist Seth Levine wrote a post that gives advice to those (including me) who ask "How to become a venture capitalist."  In summary:
  • Step one: Assume you will not be able to land a job as a venture capitalist.
  • Step two: Understand the math. It’s critical to understand how VC’s make money.
  • Step three: Get close to VC’s.
  • Step four. Be smart about networking.
  • Step five: Don’t get discouraged. If you remember back to step one, you weren’t going to be successful getting a job in VC in the first place, so all the progress you are making is gravy, right?!?
This is all very comforting.
 
My comment was that there is an excess of supply and weak demand, so the jobs simply aren't there.
 

1 Comments:

At 8:46 PM EDT , Blogger Josh Kerbel said...

Or is there just an over supply of people with no operational experience who think they should be venture capitalist.

It takes years of getting your butt kicked to have a clue as to what you are doing........you at least have to be consiously incompetent........know what you don't know, before you can understand what it is to finance a company.

It's all about the people issues

 

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