One man's opinion on Venture Capital Basics

Take a look around

Stop and consider

Where are you going?

Is what you’re doing right now helping you get there?

Wrong yet again

I thought I was joking when I wrote earlier about earning $X or earning $X+1 and clubbing baby seals. This article says you can go on vacation and do just that, for £110.


You might not have done anything wrong

But that doesn’t mean you’ve done anything right.

Doing ‘something’ tends to get you noticed. But once you’re noticed, you’re evaluated, judged and either kept track of or dismissed. Some folks will read this blog, many will stop after they distill the direction of my focus.

Other reasons

Time and time again, I’ve emphasized the monetary gain, IRR for investors.

It’s the easiest one to point to, and like most models, money is a proxy for “benefit”.

All advice is wrong

Even this one.
Some advice is less wrong than the rest.

Change

God grant us the serenity to accept the things we cannot change, courage to change the things we can, and wisdom to know the difference.

Mostly, I’ll admit I don’t know if I can change things. So I’ve learned to accept things as they are. Accept people as they are, do not try to mold them/change them. People, I cannot change. They can change themselves, but it will be through their own doing, not mine.

New Crop

Interesting article on how more funds are smaller and emerging money managers are getting their first chance. http://www.business2.com/b2/web/articles/0,17863,698048,00.html?CNN=yes

Timing does count for a lot.

Today will be remembered

SpaceShipOne is flying for the Xprize today. In 50 years, no one will remember September 29, 2004 as the day before the first of 3 presidential debates. This is the start of commercial space flight. 2004 has already seen the first astronaut of the people, and soon, it will no longer be a select few who have touched the fringes of space.

It's worth it

With all the doom and gloom I’ve been putting up here recently, I want to remind myself, and others, this is the greatest job/career I can imagine. I am having a lot of fun, and I count myself fortunate to be in this industry, doing what I do. I’m not going to rest on my laurels, there’s still plenty to do. However, for who and what I am, this job is the greatest.

The following is wrong

But I want to put a stake in the ground, and modify my position from there.

More on getting a job in VC


What would you do with 5 mil? How would you convince someone else that you can be trusted with 5 mil? Now, what would it take for you to give up 5 mil of your own?
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