The Network Effect in Venture #investing #venturecapital #founder #tech #podcast

I mean, the other thing I've been thinking about a lot lately is historically venture capital has been a business where general partners invest in their immediate network and that proximity is a good signal for quality. And the older you get, the fewer of your friends start companies. Yeah, the ones who are successful retire. The ones who are unsuccessful kind of give up on entrepreneurship and you get further and further removed from where company creation is happening. And I wonder if part of this is also the age at which most people tend to start their first funds is usually when their friends are in their prime entrepreneurs. So if you think like most fund managers I meet are somewhere between very late twenties to mid thirties and oftentimes that's a period of time where a lot of people in your network are either starting companies or actively involved in managerial roles at meaningful companies. And as you get older, your network gets further removed from company creation. This.