This content was created by GHION.AI . This content was uploaded by GHION.AI . This is a YouTube video titled "Dana Mead: Talk Openly About Risk and Reward" from December 6, 2011, featuring Dana Mead discussing the importance of balance in venture capital pitches, emphasizing the need to acknowledge risks while maintaining passion and optimism.
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So when people come to me, the number one thing that turns me off is if people aren't balanced. Okay, remember, we're venture capitalists. We understand these are very early companies. We understand there's tons of risk. So don't be afraid if you come in to talk about what the risks are. Yes. Be passionate about what you're doing. Yes. Be optimistic about what you're doing, but don't be afraid to talk about the risk. So people that are balanced in their view now, we want passionate people and obviously to be a great entrepreneur, you can't be rational. Right. Because people are going to tell you it's a dumb idea. They're going to say no to you all the time. And that passion is what's going to make the company happen. But at the same time, having some balance is good. Here's an example. Often people will come in and we get to the 5 year PL and it will look like this hockey stick. And not one device company in the history of mankind has ever achieved this hockey stick. So you'll ask the people, well, you know, where did you come up with that number? Well, I think this would be a really good company. Yeah, you're right. That would be a great company. But you want to be balanced when you do that.
