The bonus round

The dog days of summer are upon us. Instead of going to the beach and running your bare feet through the surf, wondering at the freedom of the children at play, gazing at the infinite horizon, considering all the possibilities of the world, instead let’s do something vastly less satisfying, an exercise in futility and dismay — let’s look into the mind of the venture capitalist investor.Gigi Levy-Weiss is a managing partner at NFX, a seed stage venture firm based in San Francisco. While the classic mantra is know your customer, the same is true for know your investor and Levy-Weiss explains how the VC thinks differently than you and me.While a deal that offers a five to six times potential return might be interesting to an angel investor, the VC politely turns up his nose. The reason is math. They can only make money for themselves (let alone the investors) if they get one to two unicorns from the fund. So they need to keep shooting three-pointers from downtown until … [Read more...] about A look into the mind of the venture capitalist investor