The Full Ratchet (TFR): Venture Capital and Startup Investing Demystified Investor Stories 363: Key Advice (Tunguz, Nozad, Joaquin)
Aug 29, 2024
Tomasz Tunguz, a venture capital expert, Pejman Nozad, an early-stage startup investor, and James Joaquin, known for his strategic insights, share their invaluable advice for newcomers in VC. They discuss the power of intuition in making investment decisions and the importance of identifying each founder's unique strengths, or 'superpowers.' The conversation also emphasizes the need for a prepared mindset, thorough research, and a strategic approach to avoid common pitfalls in venture investing.
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Trust Your Gut and Invest in Smart Friends
- Pay attention to your intuition and gut feelings when evaluating investments.
- Invest in friends you consider intelligent, even if it feels risky.
Develop Your Superpower
- Identify your unique strengths as an investor and focus on developing them.
- Determine why founders should choose your capital over others.
Prepare Before Investing
- Develop a strong understanding of a market or technology before investing.
- Thoroughly research companies and prioritize backing top-tier teams.