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rphgrc.base.eth ↑🔵🎩😺
@rphgrc.eth
What are in your opinion the top dogmas in VC? I start with 5 (3 more in comments) 1 Bigger is better & correlation with fund success 2 VC firms only invest in large markets and avoid niches 3 VC do not invest in hardware 4 VC firms only chase "Winner-takes-most" 5 Founders should never insist for VC feedback
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rphgrc.base.eth ↑🔵🎩😺
@rphgrc.eth
6 Prioritization of experienced founders over first-time entrepreneurs 7 Geographical proximity is crucial for successful investments 8 Unicorn or bust mentality These are 8 dogmas I've discussed recently with Fergal Mullen from Highland Europe.
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xh3b4sd ↑
@xh3b4sd.eth
Every profession has many different philosophies. Imagine a chef saying you can only cook with basil. There is no holy grail in the kitchen. Only professionals mastering the craft in their own ways. Same with trading. You got to find your style and be good at that. Nothing else.
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rphgrc.base.eth ↑🔵🎩😺
@rphgrc.eth
Thanks / I truly believe that there is in VC a conventional wisdom that has to be debunked. Why? Especially when talking to LPs: some are new to the space and take for granted some dynamics in VC that are actually dogmas (for example the 8 dogmas I've shared)
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rphgrc.base.eth ↑🔵🎩😺
@rphgrc.eth
but I agree: as a GP when executing on your thesis, you should find your style BUT you need first to have LP embrace your style that may be different from the said-dogmas.. so upstream education is imho key
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xh3b4sd ↑
@xh3b4sd.eth
If anything the differences in approach and mentally have made for the greatest funds and their respective VC lore/myths. See Founders Fund, Y Combinator, a16z, Benchmark, Altimeter and so on.
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