Not many venture firms have people whose job is to read academic research – on startups, ventures, and entrepreneurs – and gather knowledge from that.
I think that every artistic venture is a risk, and it has to be that way, so you do as much preparation as you can and make that as thorough as you can possibly make it, until you turn up on set. It’s about taking risks, and some might work and some might not, but that’s what makes it interesting.
Whether you’re dealing with a recent breakup, a fallout with family, or a failed business venture, be aware that your emotions could affect your spending habits. Uncomfortable emotions can increase the chances that you’ll behave recklessly, which may have a negative impact on your bank account.
There is no country in the world where it’s as easy to find venture capital in the stock market as the United States.
Picking winners among the many young companies seeking money is a tough business, even for the most sophisticated investors. Indeed, most professionally run venture funds lose money. For individuals, it’s pure folly. Buy a lottery ticket instead. Your chance of winning is likely to be higher.
I was very early on in taking venture capital abroad: to Europe first, then Asia.
