The Do’s and Don’t’s of Venture Investing

When I first started investing, I got a lot of advice. Most people had the same thoughts on what to look for - the “Do’s” of venture investing. None of these were surprising and remain the case today. Do:

And many gave me advice about what not to do - the “Don’t’s.” Here are some the “Don’t’s” that I’ve heard along the way. Don’t:

I learned the hard way that there are no “Don’t’s” in venture investing. If you take this advice literally and categorically, you can miss on the companies that really matter. These categorical “don’t’s” are a statement of calculus and not probability, as Peter Thiel would say. And venture capital is an exercise in applied probability, not calculus. I’ve learned the hard way that each startup is situational and you need to block out your pre-conceived prejudices and biases to listen to each founder’s story.


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Updating Your Investors

This post is for companies in their first year or so and have angel/seed investors. You should update your investors. Even if they don’t have a legal right to updates (i.e., “information rights”). It can help you more than it benefits... Continue →

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