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From Steel Town to Harvard
- Jim Schwartz grew up in a working-class family in a small steel town, with parents who held humble jobs.
- Despite this, he excelled academically and athletically, becoming a class president and football captain, eventually attending Harvard.
Path to Venture Capital
- After Harvard and business school, Jim explored manufacturing and consulting before discovering venture capital.
- He worked on Wall Street, at Citicorp's venture group, and co-founded Adler & Company before Accel.
Specialization in Tech
- Accel's initial vision was to specialize in tech, focusing on telecom and software.
- This was a contrarian approach at the time, as software was not seen as a strong investment area.