What Does a VC Do?

So in the course of a week, every investor is doing the same set of things in a different proportion. So when you first start off in venture versus you are a more seasoned investor, you're still doing the same set of things, but the proportion of your time you're spent doing each of those is different. So at the very beginning of the funnel, what you're doing is looking for new investments to make. So sourcing, broadly speaking, that can take on a lot of forms, but can be research based, it can be having conversations with people, it can be going to a demo day, things like that, where you're looking for top of funnel, new investment, investment opportunities. Then second, you're doing diligence. So you've gotten excited about a space or a company. So you're like digging into what is this opportunity and how excited am I. Then you are closing deals, which is actually by a fraction of time spent very small, but is usually kind of your peak excitement moment where you're taking the opportunity to work with somebody for hopefully many years going forward. And then really what ends up being the bulk of my time is portfolio work. So after you've made an investment, you're working very closely with the founding team of those companies to help them go build against the vision that you invested in.