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How to get a job in venture capital (revisited)

A few years ago I wrote a post on how to get a job in venture capital.  It was lucky enough to get broad distribution and remains my most viewed and linked to post.  I’ve had a number of questions about it over the years and have tried to respond to people who wrote in to ask my opinion about their VC job search.  One of the most common questions I’ve received runs something like: “I get it – finding a venture job is hard.  I still really want to try and I have a 5+ year outlook on this.  What should I do during that time to work towards my goal of landing a venture job?”

Of course the real answer depends a lot on the individual asking – where they are in their career and life, where they live, what their educational and work background is, etc.  That said, let me try to provide a few ideas.

Go to business school.  As much as it pains me to say it the fact is that it’s a lot easier to get a job in venture capital if you have a degree from a top business school (pains me not because I don’t have many VC friends who attended such schools, but because I have many that have not, and I don’t personally feel not having a degree from Harvard should be such a barrier to obtaining a venture job).  While there are a lot of reasons to go to all sorts of different business schools and while many very successful venture capitalists have either never been to b-school or didn’t attend a top 10 school – if you’re intent in attending school is to land a job in VC you are MUCH better off going to a top school.  MUCH.  I know of several firms that simply won’t even consider associate candidates that haven’t attended a very short list of top chools (Harvard, Stanford and a few others).  In fact, going to a non-top 10 business school could actually hurt your chances vs. not going at all. Not fair, I know (and I didn’t attend b-school at all, so who am I to even suggest this) but true.

Work for a start-up. This may seem obvious, but almost no matter what your background if you’re trying to build a resume to land in VC, having start-up experience is extremely helpful (preferably from a start-up that ends up well).  As a practical matter, it’s helpful to have this experience as a VC – it will give you insight on what works and what doesn’t in the start-up world; will test whether you really like start-up environment and potentially expose you to venture finance and other areas of company formation and growth that will serve as a helpful backdrop to your venture career.  In addition, if your company has institutional investors, you will hopefully get the opportunity to spend some time with your would-be peers which may help jump-start your eventual search (make that happen – its one of the key reasons you took the job working for a start-up in the first place!).

Start a company of your own. If you can’t find a start-up you’re excited enough about to join, why not start one of your own?  Many successful venture capitalists have started their own companies.  Its a great way to gain operating experience, test out your technology ideas and, of course, meet venture capitalists.

If you’re early in your career (and/or have the inclination), work for a bank or consulting firm.  Like going to a top business school, having banking or consulting on your resume is an indicator to potential venture employers that you’re smart, aggressive, willing to work hard and well trained.  Having been a banker myself at the start of my career I’m not entirely sure these adjectives always apply, but there is clearly a bias in the world of finance towards these types of jobs as training grounds.  It will also bring you into contact with people who are likely to have networks that include venture capitalists as well as potentially up your chances of getting into a top school (see the first point above).  This is especially true if you’re thinking of later stage venture or private equity who – much more so than early stage venture – tend to look kindly on the training one gets in these jobs.

Put yourself out there. Union Square Ventures famously asks potential applicants not to send in a traditional resume, but instead to point to the applicant’s various activities around the web (their blog, articles they’ve authored, companies they are helping out with, etc).  While this may be an extreme example of a firm valuing the online presence of potential colleagues (and one that has worked very well for the firm), having a visible profile online that you can reference and point to will be helpful in many a VC job search (especially so if the firms you are seeking employment from invest in these areas, as USV does).  Your online activity can and should extend to reading and sometimes (thoughtfully) commenting on the blogs of the now vast list of VCs that write a blog.  These sorts of interactions are just one way to start to engage in a conversation with people in the industry you might one day work with.

April 29th, 2008     Categories: Uncategorized    
  • CEO

    I disagree with “smart, aggressive, willing to work hard and well trained” for ex-banking and consulting people. In my experience (4 startups, cofounded 2 of them, sat on the boards of several others, met with dozens of VC's over the years), the VC's with a banking and management consulting background are the least helpful of the bunch, and none of those adjectives would apply. A more obvious bias would be “self interested” and “arrogant”.

    • sethlevine

      your comment made me laugh out loud. i understand exactly what you are saying.

      what you're pointing out is the (very true) difference between what enables someone to get a ticket to the game (and what makes a good venture associate) vs what ultimately makes a good venture partner. very different skill set. and as you probably picked up in the tone of my post, i'm not happy about the fact that some of the ideas i suggest are the pathway to venture. but as practical advice to the general profile of person i hear from asking these questions it holds – associates are more likely to be hired into venture with a banking/consulting background or if they've attended a top b-school…

      • Dustin

        Hi Seth,
        I appreciate that there is is a great focus on B-School education, but what about people with alternative backgrounds? For example, I have a PhD in Biochemistry and I now work for a law firm as a science specialist. A career in law is something I'd be happy with in the long term, but I would love to get into VC someday. In a few years I'll be an associate with a PhD, and a JD(night school). It would take one additional year for me to make that JD a joint MBA/JD–something I'm considering. There's only one school in town that offers night courses (not top 10).
        Anyway, how would potential employers view someone like me in a few years with experience in law and tech (working with start-up biotechs at the firm)? I had offers from consulting firms but I felt that my scientific background was better suited to Intellectual Property than, for instance, interviewing MDs to put together marketing reports.
        Do people with alternative backgrounds like mine have a shot in VC? and would that extra MBA even be worthwhile?

        • sethlevine

          certainly there's a need for people with a technical background in VC. in your case with a bioscience background a similarly focused venture firm would certainly make sense. that said, jumping from a law career (as an IP expert) straight to venture might be tuff. an intermediate step at a bioscience company (perhaps a client of your law firm) – preferably one that is venture backed – might make sense. another option is the mba route. especially coming out of a top school you'd be an extremely desirable hire for a biotech venture firm (not many PhD/MBA combos out there).

      • happyintern

        Seth,

        First, great post. While I think you're on the mark on many factors, I disagree with withe Banking/Consulting persepective. I'm currently at one of the top tier B-Schools you mentioned and was lucky enough to get a position in VC this summer. Looking at my own job process and those of my classmates in VC (about 10 others), only three major themes popped up – domain expertise, deep entrepreneurial interest, and a background in related Product Management or Sales. The higher their firm is in the pecking order the more this seems to be true. In fact, there isnt' a single banker or consultant in our class who was able to get a position in VC.

        • sethlevine

          pretty interesting perspective – i'm actually a little surprised at the experience of your classmates. not because i don't agree with the three themes you bring up (they're right on) but because of what i've perceived to be a real bias towards banking in vc and particularly in private equity….

    • Ron (Another CEO)

      I also disagree with that VC advice. As CEO of a now 10 year old software company – and from numerous interactions and board meetings, my (generalized) assessment of top school MBA students over these years is this: smart but generally not wise (and more importantly often not very quick at getting wise). “CEO” in the above post notes it as “self interested” and “arrogant”;. I would add this: not perceptive enough to realize the projection of those traits and then moderating them. To a great degree, these educational pedigrees seem to be social status pedigrees. I'm OK with that … but I personally figured out long ago that those pedigrees don't drive my business very well. People who go out into the streets and mix it up with the people … they drive my business. Very well indeed.

      • sethlevine

        Ron – Thanks for sharing your perspective on this. Take a look at some of my other comment responses where I talk about the getting a job in venture vs what actually makes a good venture capitalist. Your comment speaks the the latter and I tend to agree (and was similar to my experience in investment banking many years ago; I lucked in from a small school that they didn't recruit from and essentially 100% of my peers were grads from the top schools in the country). That said, if you're a 20-something and trying to think about a path that is more likely to put you in a position to eventually land a venture job heading to a top business school is a pretty good idea (I know of several firms that won't even consider hiring people who didn't go to HBS, GSB, etc for their associate/vp level openings). In fact writing this reminds me of an interview I had when looking for my first venture job. I was finishing up selling off several divisions of the company I was working for. All of these divisions were reporting to me as part of that assignment and I had $45m of direct p&l responsibility. Prior to that I managed the entire corporate finance for this company (their m&a group, corporate finance, investor relations; I reported directly to the CEO and this work included taking the company public). I was about 28 at the time. At the interview the guy I was talking to told me that they really would have to look at me for an analyst position rather than the associate position because I lacked an MBA. He was a partner and I had vastly more operating experience than he did. I laugh about it now (and had actually mostly forgotten about this experience) but at the time it was incredibly frustrating (as you can probably imagine).

  • Bula

    Is there consensus on the “top 10″ business schools? For instance, does UC Berkeley or Columbia fall within the top 10?

    • http://techsuccess.blogspot.com zachlandes

      My friend listed these as the go-to schools at his firm:
      Harvard
      Stanford
      MIT
      Berkeley

      I would guess that students from schools like Chicago GSB and others would also be considered.

    • sethlevine

      there are a couple of lists that Forbes, BusinessWeek put together (i.e., http://www.forbes.com/lists/2007/95/lead-careers-… I think there's general consensus that the top 10 includes the list below from Zach, although clearly at the margin there's plenty of room for debate. the overall point is that there's a clear drop off beyond the top school (at least in the mind of the typical valley vc) and you're better off taking a different path if you're not excited or able about attending one of the very best schools.

  • http://techsuccess.blogspot.com zachlandes

    As someone very interested in getting into this field (and actively pursuing it), I think you have given great advice. In fact, a friend of mine who is a VC associate gave me similar advice very recently. A few points to add:
    1) The path to VC through consulting or banking is likely to be a long one. Only go this way if you are genuinely interested in consulting or banking, in addition to that long term goal of becoming a VC.
    2) Tech startup experience is more valuable to most VC's (at least as reflected by hiring practices) than financial services experience.
    3) Online presence is wonderful – I have been blogging actively for a little while now, in addition to reading and contributing to social networks for a long time, and the people and connections one can make, in addition to the knowledge one can gain, are invaluable and have tangible benefits.
    4) Do what you love. To reiterate, don't do things because you *think* that is the path to VC. Your passion will take you where you want to go.

    • sethlevine

      zach – i think it depends some on where exactly you are in your career. spending a few years in banking to land an vc associate position my in some cases be the quickest path. i completely agree that tech start-up experience is the most valuable of all the things i talked about in my post. i'm also happy to say that i think many vc's are starting to look to that as more important than where you went to school. love your point 4 – its really the most important overall career advice regardless of what industry you're interested in. life is too short to do something you're not passionate about.

  • http://www.fitzblog.com Patrick Fitzsimmons

    I'm very curious, do you have any idea why VC's care so much about business school? VC's have a great financial incentive to pick the right people for their firm, so I'm guessing there must be a rational reason. The skills business school teaches do not seem that relevant. Is it the network? Looking good on paper for the limited partners? Proof of commitment? Something else?

  • http://www.marypurslow.com/ mary

    I guess I have received a different take on this situation. Although I think you make great points my success (so far) was brought on by different means. I actually attended a business school not one of the top ten but respected and while I was attending I made sure to involve myself as much as possible clubs and relevant work(independent contracting a lot). I guess where I am going is that your best point from my experience so far is putting yourself out there. I know a lot of people that are afraid of hearing the word no or getting turned down. But it's going to happen and if you can show that you are capable of handling relevant work loads and go to school at the same time – your potential is great. Great list just my take.

    • sethlevine

      mary – i also ended up in my position through a less than typical path. i went to a small school in the mid-west (where i wasn't recruited into banking), worked my way into a job on wall st. with morgan stanley, skipped business school, worked in business development for a mid-sized firm; ran corporate finance for a start-up (i was employee number 3), landed an associate job at mobius and where i met my current partners.

      your advice is well taken and right on – putting yourself out there is critical…

  • http://techsuccess.blogspot.com zachlandes

    Hey Seth, I'd be very interested in your thoughts on my own plan of action to enter VC. I posted it on my blog today, and it kind of builds on the points you posted here.

  • http://techsuccess.blogspot.com zachlandes

    Hey Seth, I'd be very interested in your thoughts on my own plan of action to enter VC. I posted it on my blog today, and it kind of builds on the points you posted here.

  • http://www.clevy.tumblr.com Cory Levy

    Great insight, Seth! I posted my first 'real' blog post today on my new Tumblr blog. It is titled: “Thank you! It is amazing what Facebook can do..”

    Your name is mentioned. I plan to write a follow up post hopefully once plans are finalized for my time spent in Boulder during late June, early July.

    • sethlevine

      Thanks Cory! Look forward to seeing you this summer.

  • http://www.kentuckystartups.com Richard Stump

    On a related subject, Kauffman fellowships, these seem to be as difficult as landing a VC job and now they seem to have morphed into a vetting service for VC's. I'd like to hear your thoughts etc

  • Aziz Grieser

    This is an amusing post and you are too humble in your replies Seth, by far. I read your bio and it is the typical route to venture capital.

    At FirstWorld Communications, you were “the third employee of a new management team with a goal to transition what had been a traditional competitive local exchange carrier (.CLEC.) into the data and Internet world. Seth was the corporate finance half of the CFO position where he started and led the finance, mergers and acquisitions and investor relations groups. Seth then led the IPO process for FirstWorld's IPO in 2000 and negotiated simultaneous equity investments from Microsoft, SAIC and Lucent Technologies, eventually raising over $260 million from the IPO and these side-by-side equity transactions.”

    Anyone reading this post only has to look at your bio, slide theirs on top, and compare side-by-side. How many prospective VC's reading this can say that they've led a company to IPO, and orchestrated the offering? None.

    Look at every other member of your team bio's at Mobius and Foundry, save one, but he still helped one of your team out early on in his startup when he must have really needed the help. That displays the same quality that VCs look for in other potential VCs: smart decision making, intelligent risk taking, and a track record of reward from these decisions. The key to venture capital is your internal opportunity assessment and risk management.

    That is taught in business schools, contrary to “Patrick Fitzsimmons” comment above. I attended business school and can tell you all about the CAPM pricing model, future cash flows, discount rates, net present value, multiples, and other opportunity assessment tools. The trouble is that so can every other business school student, and they are all skills that can be replaced by a computer program. Most VCs will hire a few top tier b-school students to help them with their portfolio's collective risk targets, but they are not valuable or indispensable to the VC firm. The guy who has proved that he knows “how to pick the winner” is, and the business school student is merely his tool, like so many other knives in the cupboard.

    • sethlevine

      You're too kind, Aziz. I think one of the things that has become clear to me as I've read through the post and comments again is that there are probably several topics that are mixing together. Most obvious is the distinction between what best prepares one for a career in venture (see the note from Sullivan below) and what increases your chances of landing a venture job. There's some overlap for sure, but only “some”. There's also a lot of luck involved (although, of course, luck comes to those who work hard in many cases).

      Its hard to give people advice on how to best orient their career towards a goal of obtaining a venture job. I guess ultimately my suggestions are all about how to increase your chance of knowing the right people and being in the right place at the right time.

  • Sullivan

    I'm a little concerned with the bias towards a business background that you are suggesting. In my mind it seems more rational for a VC to have at least some practical expertise in the VC firm's area of operation; engineering, computer science, or natural science. How does a VC know if a plan is worth funding if he does not know if the underlying principles are viable?

    • sethlevine

      Sullivan – Take a look at my response to Aziz's comment above yours. I don't disagree with your comment at all. I think VC firms look for a mix of different background to support their overall investment process.

      • Sullivan

        What you said makes perfect sense and matches my limited experiences exactly. In this area it seems that chance definitely favors the prepared and connected.

  • John Kennedy

    Hi Seth – Nice post you have here. I'm glad PEHub provided the link. I am currently in my last semester of business school and am looking for a VC job, so the post is very timely. Much as I hate to say it, but I agree with your notion of top schools and whatnot. Unfortunately, I am not attending a top school – I'm doing my program part-time at night and on the weekends (two classes a week, with business travel and whatnot) and I've been hitting that hurdle many times (having 10 years of experience and losing out to someone with 2 years and a Wharton degree is frustrating).

    I work in the medical device industry (in a very non-medical-heavy city), so getting noticed by VC's is even more difficult. Given that you suggest looking at things with a 5 year window, I think my best bet would be to go into business development for a while (I'm currently in-house in operations). Any thoughts?

  • http://www.SchwartzGroup.com Bob Schwartz

    Seth – We all know there are numerous routes to the same goal (in this case VC) but based on my many years of interactions with numerous VCs (on behalf of growth companies) I couldn’t agree more with your description above as “the most assured route to the VC world”. Though I might add one more – a key participant in a “massive or well known exit” will kick also open the VC welcome mat.

  • http://newportventuregroup.blogspot.com Scott Scheper

    Just for clarification, as an Analyst, what are your actual job duties? What's a typical day like for an analyst?

    My understanding is that he or she conducts due diligence and runs the possible investment through a series of valuation templates (DCF: RADR, CEQ, Venture Capital Method and First Chicago Method)

    What else is the analyst doing? Networking?

    • sethlevine

      scott – you've got the basics down in your comment above. generally analysts are doing market research in areas of interest to the partners; conducting due diligence; reviewing financial models; etc. the smart ones are also getting out there networking, heading to conferences, etc.

      keep in mind in the post above that the post mba positions i'm referring to are associate or vp level (which include many/most of the tasks above and add in things like tagging along to board meetings, writing investment memos and some more independent work sourcing deals).

  • Scott

    Seth, thanks for the insight–just wanted to make sure we're all on the same page.

    For anyone interested, below is a link to another article on how to get a job in the vc realm. This is my side-company, Newport Venture Group. I've been doing consulting, and valuation work with a partner in the vc realm. He's got some pretty good advice:

    http://newportventuregroup.blogspot.com/

  • http://ouriel.typepad.com OurielOhayon

    i can tell you what helped me find a VC job: i started my own blog which lead to write for TechCrunch and get spotted…

  • http://moneyideas.us Money Ideas

    Great post man!

  • Mike

    Seth,

    I spent the first few years of my career with a Public Accounting Firm doing auditing and software consulting. I am a licensed CPA, although I do not practice anymore. I spent the last 2 years working for a VC backed start-up company doing financial analysis and acquisitions. I love the energy and excitement of working for a start-up but would like to take the next step in my career. I believe the next step would be to work for a VC but I am not sure if I am qualified without having a MBA. I would perfer to get in with a VC and then get my MBA but I do not know if this is realistic. I would love to hear your thoughts.

    Thanks

    • sethlevine

      Mike – I certainly don't think an MBA is a necessity in venture, however at times it can help with 'transition'. Sounds like you might have some options given your experience. You didn't say what market you lived in, but I think trying to reach out to the VC's that were backers of the companies you worked for would be a good place to start. You might find that you need to parley your experience into another start-up job first – if you do so, try to do everything you can to get in front of your venture backers (at board meetings, etc.) so you can start to develop your relationships there.

      • Mike

        Thanks for the advice

  • http://www.livelovecoffee.com/espresso-machines coffeeguy

    Great article. I would have expounded a little more on starting your own business or working for a start up. These are the two most important experiential aspects of what makes a VC, and therefore what VC's look for when hiring. Even though the firm you are working for may be well established, their business is to invest in companies that are not established. The ability to be able to work with the nuances of a start up are essential. Also, I would throw in there to work for some type of “new” technology firm. Something along the lines of green energy.

  • http://www.nadim-alameddine.com Nadim

    I think it's silly to join a VC firm out of business school without prior startup work experience, or at least without having consulted for startups (NOT F1000 companies).
    But I also think that there are so many people who do have startup experience and want to get into the VC industry, in which case an MBA is definitely a tie-breaker.

  • Randy

    Could I request some advice? Currently a practicing heart surgeon (Northwestern-MD; Surgery-Stanford; Cardiac Fellowship-UVA); Always interested in medical device commercialization (Syracuse-JD patent law; technology commercialization); Starting Cornell Exec. MBA in the Fall. Will transition my career to VC at some point after two years- I'm currently 40.
    Are there any opportunities out there in VC (in any capacity) for such a person as I complete business school?

    • sethlevine

      Randy – That’s a pretty interesting transition you’re going through. A few things you might think about – 1) start your own business by taking what you know about heart surgery and what you’ll pick up at Cornell and turn it into a business. This is a great path (ultimately) to the investment world although it doesn’t fit your timeframe. That said, since you’ll never be closer to your first profession than now (assuming you make some kind of move either way), now’s the time to do this if you have the inclination to.  Option 2) is to look actively for advisory roles at start-up businesses that relate to heart and/or surgery technology. Be selective here because what you choose to get involved with will reflect on you and your judgment but you’ve got an interesting background and many start-ups would be interested in the kind of legal/scientific/real world advice you can bring them. Option 3) is to pitch your services to VCs and see if you can get any traction. Tell them you’re an MD/JD/practicing heart surgeon doing an executive MBA and looking to get involved in venture. I’d look for partners that have funded companies that relate directly to your background.  You can easily do option 2 with either other choice (and I’d recommend that – it’s great experience). Sounds like you’d lean towards option 3 from your note below – I’d hit it hard (after doing your research on the firms and the specific partners that have overlapping interests to your background).  Hope that’s helpful.

      seth

  • http://www.tripcart.com online travel guide

    As an entrepreneur – it is essential that the VC I am talking to has sat on my side of the table at some point – better in the past few years.

  • http://www.brianrothenberg.com Brian Rothenberg

    Great article and excellent advice. If interested, I recently aggregated some quantitative metrics on just how hard it can be to get a junior VC job: http://www.brianrothenberg.com/how-hard-to-get-ju

    • sethlevine

      Thanks Brian. Interesting to see the actual Bessemer numbers. Underscores that it’s a good idea to have a few options…!

  • James

    Since one of your suggestions is to comment on a blog, I am surprised that there isn't a comment on this one yet! In any case, I am curious about the education "requirement". I understand that business school is a facilitator in getting a VC job, but what about other fields. Personally, I am in law. I have a J.D. from a well respected regional law school, and am currently getting a LL.M (masters in Law) from a top national school. I have taken a number of Corp. Finance courses, VC courses, even courses taught by famous VCs. I am even taking courses at the adjoining b-school with MBA candidates. My question/comment is, will this experience count toward a VC job, or does the education element strictly favor an MBA?

    Thanks

    • http://intensedebate.com/people/sethlevine675 sethlevine

      thanks james. actually – there are a ton of comments to this post, but i recently switched from typepad to wordpress and am still in the process of migrating comments. check back in a week or two to see what others are saying.

      one of my partners is a jd (and practiced law for a while). it's not a bad background to have in the venture business (particularly if you practice venture law for a while). crossing over to finance courses as you have is a great idea to round out your resume and make clear your interest lies beyond just the legal field.

  • Joyce

    Thanks for this article. As an accounting student checking out career prospects, it was helpful to find a guide to one of my target jobs. It would be a shame if I find out much later that say, a business degree from top schools would have really improved my chances.

    • sethlevine

      Glad the post was helpful. And do remember 1) there are plenty of great jobs other than being a VC (of course!) and 2) you don't have to go to a top school to get a job in venture – you'll just have to be creative with your path.

  • Elvis

    Thanks for sharing! May I know would it be helpful to take executive education in PE/VC provided by Ivy league?

  • Daniel Tanaka

    Thanks for the article, very helpful for long-term planning. I’ve been considering business schools and start-ups as options for the future, glad to hear they could help my chances to break into the VC industry.

  • Jackie31909

    We have come into a very large sum of money double digit millions.   How can we get connected into venture capital business?    I presently have grandchildren in college and would like to know what they should study in order to know what to do with this money.  Also are there courses or seminars for adults to learn about the business?

    • http://www.sethlevine.com sethlevine

      I’d talk to a trusted broker about this. Someone who manages a “family office” for wealthy individuals. They can help create an overall financial plan that may or may not include investments in venture. They may also have some good ideas for your grandkids (although a broad foundation in economics, finance and business can’t hurt as they consider a career path that may include entrepreneurship and/or venture).

  • PTA

    What is your opinion and your take on the VCs communities opinion on Washington University in St. Louis MBA program?? I am considering attending this fall and currently working for a small vc firm in the area. We have several internet/software start ups, I work mostly in the operations and marketing of these companies

    • http://www.sethlevine.com sethlevine

      realistically most valley VCs (and many others) only look to the top 3 to 5 schools (there’s a VC in town, for example, that only hires from harvard and stanford). while you may wish to get an MBA for other reasons, i think generally speaking if you’re not going to a top 5 school the path to VC will more likely than not be through a different avenue.

      • PTA

        Thank you for answering my question so quickly. I am a still going to attend Wash U since in I am in STL, but now I know I will have to prove my value to the VC world through my work in startups. My firm currently has two great internet startups and I enjoy every day I go to work. I don’t have the ability to take time off of work to attend a top five full-time. The two books I am reading right now are ‘Do more faster’ and ‘Venture Deals’. I am lucky enough to have found the path I want to take and will stay hungry. Again, Thank you for your insight.

        • http://www.sethlevine.com sethlevine

          Great! Glad it was helpful.

  • http://www.vccafe.com Eze

    Thanks for these tips. I’ve summarized the best advice for wannabe VCs, referencing this post and others. Check it out at http://www.vccafe.com/2013/08/13/so-you-want-to-be-a-vc/