9 Traits of a Good VC

916 reads

  By: Jay Zhao
RT @jzhaos: 9 Traits of a Good VC ( ft. @bgurley, @fredwilson, @davidhornik, @cbhbeck, @timechange, @joshk etc.) https://t.co/OOqzeDWlVy


In my rather short career of being a founder and then an early stage investor, I was often asked the question — what defines a good VC? Putting investment returns aside, here are 9 common traits I find common in great VCs of our time.

 

Good VCs know that they are not operators. Good VCs have to trust the founders they invest in — that founders are the best operators in their field and let them run with the idea. Having said that, operating experience is very relevant in the sense that it helps build rapport and more importantly, empathy of a VC towards early stage founders and their companies.

Good VCs are great at championing. Bill Gurley said that venture is a service business and VCs have to be able to “sell”. In some way, good VCs are startups’ chief envanglist