Mark MacLeod argues that the best venture capitalists have been operators first. He started companies and funds at the same time, learning by doing, and says hands-on experience in operating, investing, or board service sharpens your judgment about what actually works in markets.
Chapters
You know, if you're going to be an investor, you also need to be not just a previous operator potentially, but also an active operator to really understand the market dynamic. The market forces the challenges. And I really took that to heart. So first, starting companies and funds at the same time, made a ton of mistakes. Didn't really know what I was getting signed up for, which was part of the fun, part of the work, or part of the downside of a few things. But, you know, no regrets on that. And it's been an exciting journey. I feel like, whether in distinct periods of time, you're an investor or you're an operator, or you're a big company executive, or you're an independent board member, you just get better at all these things. By reps.