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What my ‘VC School’ would look like?
8 Subjects for Compulsory 'VC School' Beyond Just Finance
This is a guest post by Jeremy Tan who is Co-founder and Partner at Tin Man Capital, which targets B2B companies at pre-A or Series A stage. Previously Jeremy spent time as Head of M&A at Puma Energy for Asia & Middle East and was a VP at Morgan Stanley.
If there was a school for VCs - these subjects should be compulsory:
Most people ‘fall into’ a career in venture capital. As a result, they might lack the necessary skills to do right by founders and their LPs.
8 Subjects that should be Compulsory in ‘VC’ School:
(Hint: It’s not just all about finance)
1. Empathy (How not to be an a**hole)
- How to be kind to founders, partners and employees
- Understanding people, dynamics and culture
- How to empower others to succeed
2. Active Listening
- Putting aside pre-conceived notions and listening without judgment
- Perceiving intended meaning, not just hearing words spoken
- Gathering necessary information genuinely and earnestly
3. Thinking with First Principles
- Curiosity and courage to question the status quo
- Never apply “proven models” blindly
- Encourage and create room for constructive dissent
4. Developing Loosely Held Conviction
- Maintain strong conviction in theses whilst leave room for doubt
- Flexibility to adapt based on narratives and trends (not hype)
- Balancing risk between innovation and proven models
5. Innovation As A Mindset
- Embracing mistakes as a necessary step towards discovery
- Look beyond the obvious and seek deals in the most unlikely places
- Pioneer new ways of investing (i.e.beyond capital what can we offer?)
6. Storytelling and Persuasion
- Enrolling founders, investors, and partners
- Co-creating powerful narratives
- Making win-win deals against all odds
7. Courage and Ethics
- Humility to admit mistakes and the courage to call out injustice
- Balancing profit with social responsibility
- Building the foundations for diversity and inclusion
8. Ecosystem Building
- Attracting like minded folks
- Effectively working with others to grow startup ecosystem
- Paying attention to what Founders need and meeting it
Some of these are skills,
Some of these are paradigm shifts.
I personally believe both are important to be great in this field.
What else did I miss?
Jeremy
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