{"id":1159,"date":"2017-10-22T19:25:00","date_gmt":"2017-10-22T18:25:00","guid":{"rendered":"http:\/\/silta.es\/juantatay\/2017\/10\/22\/3-lessons-learned-and-tips-from-a-young-vcs-perspective\/"},"modified":"2017-10-22T19:25:00","modified_gmt":"2017-10-22T18:25:00","slug":"3-lessons-learned-and-tips-from-a-young-vcs-perspective","status":"publish","type":"post","link":"https:\/\/silta.es\/juantatay\/3-lessons-learned-and-tips-from-a-young-vcs-perspective\/","title":{"rendered":"3 Lessons learned and tips from a young VC\u2019s perspective"},"content":{"rendered":"

My Summer in the Venture Capital World \u2013 Philipp Handel \u2013 Medium<\/a>
via @daphnipolis<\/p>\n

<\/a><\/div>\n

Lesson 1: Designing a good sourcing strategy is key<\/span><\/p>\n

Looking back to the inception of our sourcing strategy, the idea was to <\/span>1) reach out to \u00abcountry here\u00bb investors, 2) attend startup events, and 3) reactivate and formalize existing connections<\/span>.<\/span><\/div>\n
power of events to bring together the startup ecosystem<\/span>. <\/span><\/div>\n

TIP 1: Discover your hunting instinct<\/span><\/p><\/blockquote>\n

TIP 2: The power of extroversion<\/span><\/p><\/blockquote>\n

Lesson 2: Learn to ask the right questions<\/span><\/h3>\n
trade-off between being efficient at screening and being open-minded to new creative ideas, thus not missing the \u201ccrazy bets\u201d.<\/span> It requires a very entrepreneurial mindset: Looking for strengths instead of weaknesses at first<\/span>.<\/div>\n
During the call you want to find out about the \u201craison d\u2019\u00eatre\u201d of the startup, hear its founding story, usually starting with a) the problem<\/span> they saw in the market, b) the solution<\/span> they developed and c) the vision<\/span> they have for the future.<\/div>\n
If sounds exciting: 1) the product<\/span>,  <\/span>2) the market<\/span>, <\/span>3) the team<\/span>, <\/span><\/div>\n
A big trap would be to rely too much on a rigid framework or a checklist when assessing an opportunity. <\/span><\/div>\n

<\/p>\n

TIP 3: Build a trust relationship with founders<\/span><\/p><\/blockquote>\n

TIP 4: Develop proficiency in technology<\/span><\/p><\/blockquote>\n

<\/p>\n

Lesson 3: Go beyond executing the investment thesis<\/span><\/p><\/blockquote>\n

you evaluate an investment opportunity not only in itself but also relative to the fund\u2019s investment thesis.<\/span><\/div>\n
It was key for me to fully understand what we are investing in instead of only executing a checklist of criteria.<\/span> <\/div>\n

<\/p>\n

TIP 5: Spot the value of contrarian views<\/span><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

My Summer in the Venture Capital World \u2013 Philipp Handel \u2013 Mediumvia @daphnipolis Lesson 1: Designing a good sourcing strategy is key Looking back to the inception of our sourcing strategy, the idea was to 1) reach out to \u00abcountry here\u00bb investors, 2) attend startup events, and 3) reactivate and formalize existing connections. power of events to […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[46],"tags":[],"class_list":["post-1159","post","type-post","status-publish","format-standard","hentry","category-start-it-up"],"jetpack_featured_media_url":"","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/silta.es\/juantatay\/wp-json\/wp\/v2\/posts\/1159","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/silta.es\/juantatay\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/silta.es\/juantatay\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/silta.es\/juantatay\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/silta.es\/juantatay\/wp-json\/wp\/v2\/comments?post=1159"}],"version-history":[{"count":0,"href":"https:\/\/silta.es\/juantatay\/wp-json\/wp\/v2\/posts\/1159\/revisions"}],"wp:attachment":[{"href":"https:\/\/silta.es\/juantatay\/wp-json\/wp\/v2\/media?parent=1159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/silta.es\/juantatay\/wp-json\/wp\/v2\/categories?post=1159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/silta.es\/juantatay\/wp-json\/wp\/v2\/tags?post=1159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}