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Most VCs have a “core thesis”, a set of trends they follow, sectors, and products they like to invest in. Their “bread and butter.”
Somewhere along the journey, the opportunity to invest into a company outside this scope may arise, it’s a test:
- Will you dismiss the opportunity?
- If you dismissed it, was it solely because it’s outside your scope, or is it truly outside your circle of competence?
- If you pursued it, was it because of external factors, or intrinsic curiosity to learn more about it and truly understand it?
Navigating within your circle of competence is hard, because moments like this test the boundaries. Are you going out of your circle of competence? Or are you expanding it?
Great investors that pass the test of time are always expanding, and “moving” their circle of competence to new territories. Make sure you do it, but be careful. 1 reply
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