| Topic Name: |
Getting a VC job after Undergrad |
| Message Name: |
re: |
| Date Posted: |
06/02/2001 |
| In Reply To: |
Every guy and a dog has a VC firm? What a crock! There are two kinds of people at VC firms...those with the guts and hard work to start a fund regardless of the size and employees of the people with guts. Making statements that the only firms that matter are Tier 1 or 2 firms is ridiculous. You obviously are more concerned with hiding behind a pedigree than adding value to a company.
My professional experience after 20 years of VC investing has been that the worst VC's are former Tier 1 or 2 employees. They think they are free to make mistakes on some one else's dollar. I would much rather hire an entrepreneur who built a one million a year business out of his/her garage than a Tier 1 employee.
If you want to be a VC....network, network, network. |
| Message: |
what's the 20 year irr on your fund?
i happen to agree with the previous author. i'm extremely concerned with adding value to a company. call me a fool, but i'd rather learn how to add value from guys who created companies like sun netscape or ascend than someone with a small fund who is doing venture for the first time.
i also don't see how having the guts to raise a fund (cf idealabs)has anything to do with how successful or risk aggressive you are as a venture investor. under your taxonomy doerr, vinod and ray lane might be 'employees of people with guts' because they didn't start their own funds.
i'd agree that networking is extremely important. is someone at a tier 1 firm better positioned to network?
let me know if i'm just misguided here...
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