a view into the VC biz
Thursday, July 20th, 2006Given the big money, epic wealth creation, and chernobyl-sized failures that are commonplace in the venture capital world, it is no surprise that this luminous industry has a mystique and draw to those that operate around it. As a company that interacts with both entrepreneurs and VCs on a daily basis, NVA has an outsider’s perspective on the industry.
Understanding the venture community is critical to working effectively in the technology start-up sector. Getting into the VC biz is very hard; it’s a small industry with very few entry points. There is no set formula (though many have tried to find it) to finding and funding the projects that will become the next Google or eBay. If you want to become a VC, there are two traditional avenues; previous home-run CEO/CXO gigs for venture backed companies, or paying your dues and having either Wharton, Harvard, or Stanford printed next to the words M.B.A on your resume.
If you have ever thought about becoming a VC (as I have), this post is a must-read courtesy of Jeff Bussgang who pens the “bostonvcblog”. Read Jeff’s About page for an example of the “right” VC pedigree.
A great way to keep an eye on the activity in the venture community is to subscribe to some of the daily/weekly email newsletters that cover venture and private equity. Two that I recommend are:
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