The Science of Venture Capital

Paul Kedrosky, made me aware of a very good overview on VC and Innovation by Gilman Louie. Since I am lately asked by many fellow entrepreneurs about what one should look for in a VC, slide 11 is a good summary:

Attributes of Great VCs

• Bets on people not trends
• Driven by the big idea
• Looking for the homerun
• Not afraid of failure
• Knows how to thread the needle to get success
• Understand how to develop and manage a portfolio of risk
• Serves as a fantastic coach
• Does his/her best work outside the board room
• Not waiting for validation from other VCs

I would definitely agree on: people not trends, not afraid of failure, fantastic coach, and does his/her best work outside the boardroom.

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