Excerpt from a Precursor Ventures YouTube video where the speaker reflects on humility in venture capital, arguing that VCs should avoid presumptive judgments about founders’ likelihood of success and highlighting the value of founders and networks outside major hubs (e.g., the Midwest). The speaker praises a post by Sergio for illuminating these points.
I think if you do this job long enough, it humbles you and you go, even if I think this people are not qualified, they still might succeed. So what's the benefit of saying, like, in very prescriptive terms, that people shouldn't do something or that they won't be successful? And I think it's also great that Sergio wrote this because, you know, he spends time in the Midwest with a lot of founders who are not immersed in the Bay Area New York VC scene, where you could go find somebody in your network or on your block or in your coworking space who's actually raised VC money who can give you real world experience. And so I thought it was a great post. I'm glad he wrote it. Yeah.
