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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Kudos
 
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New York State of Mind

Some lingering thoughts from our trip to NYC last week: I love Locanda Verde. One of my favorite new restaurants. Partly owned by Robert DeNiro, my favorite actor. Even better. Some of SV Angel’s biggest “winners” will come from NYC. But... Continue →