Joys of Compounding Rich Wells - Keep Moving - [Joys of Compounding, EP.24]
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Jan 28, 2025 Rich Wells, managing director of Insight Partners and a leading software investor, shares insights from his impressive 30-year career. He discusses the evolution of the software industry, including the shift to SaaS and AI-driven solutions. Rich opens up about personal challenges, reflecting on grief and resilience after losing his wife. He emphasizes the importance of relationships and mentorship in investment, while advocating for a career perspective that values joy and fulfillment over identity. His story is a powerful reminder to keep moving forward through adversity.
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Formative Experiences
- Rich Wells' father, a Vietnam veteran, instilled in him a strong sense of right and wrong.
- His mother, an immigrant from Ecuador, taught him resilience and a relentless work ethic despite financial hardship.
Getting Up the Learning Curve
- Immerse yourself in the work and absorb as much as possible, even if it seems overwhelming at first.
- Spend the time to learn deeply and don't be afraid to struggle.
Choosing Insight Partners
- Rich Wells left TCV for business school due to market uncertainty after 9/11 and the dot-com burst.
- He chose Insight Partners due to its focus on growth investing and commitment to his New York location for his wife.
