The whole article is good. Hat tip to Chirayu for liking this so I saw it.
When people as me how are things going as a VC I usually answer with #1.
However the whole list is quite spot on.
I don’t think I want to do anything else but ask me in five years how I did.
1. Venture Capital is hard
All investing is hard, because the market, as the investor Ken Fisher says, is the Great Humiliator. Venture capital is harder than most. There are 12MM small businesses in the US with more than one employee but less than one hundred employees. Most will stay small. The venture capital job is to pick from that 12MM companies the rare company that can grow to a 1,000 or even 10,000 employees, go public and remake an industry. Identifying an entrepreneur, an idea and a company with that potential is not an easy task.