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VC Managers: Finding your style

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Internet Basics

📓Online Commodities

Consumer and Creator

📓1. Creator = Consumer📓2. The Active Consumer📓3. “Creator-GTM”📓3.A. Where the Viral Things Are📓4. The Anonymous Economy📓5. Pre-founder: People-focused investing

Content is King -- Bill Gates, 1997

Things To Do.

📓Work to Be Done📓Statements; No Mission

⬜ Creator Financing

📓Untraditional Talent📓Villains/Heroes, Love/Technology

Creator Extras

📓Content is Eating the World📓A Spectrum of Influence📓Influencing Influencers

Investment

📓Total Content Market (TCM)/Content TAM (C-TAM)📓Revisiting Community Investing📓Rethinking Consumer LTV📓“Organic” = unpaid?📓Introducing: On-Page Collaboration, LiveWriting, anti-Press Publish📓VC Managers: Finding your style📓Women’s Consumer (2022)📓The “online” button

Translation

📓“GenZ”

Personal Journal

📓An intro to Personal Journal📓Unfortunately 📓How to Build a Fund📓I Don’t Want to Be You📓Advice for a Y1/Y2 woman in VC📓Advice for a Y3 woman in VC 📓My love letter to Journalists📓Women and Wikipedia 📓Manifesto📓Dating in Your Industry📓Alcohol and VC📓Invest in the Opposition 📓Not On Your Side📓Creator vs. Kinda “creator”📓Forced Content.📓“Pedigree”📓“Levers”📓“Cleanup”📓“Examples”📓Me & Paul📓Very Specific Advice📓Why I dropped out📓Young People📓How to be Jealous📓Content vs. Journalism📓To Be Free
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Personal Investment Stuff
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Freshman Year
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Old Stuff
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Tell me your thoughts

© EM 2024

VC Management

The noble quest to find what non-PE style, shitty management and mentor looks like in an unstructured job like vc.

Granted, not every single VC likes to consider themselves as managers. Some of them prefer

There are four parts to this job. Nobody is good at all four:

Four aspects to the job:

image
Investor
Your MOIC; how good are your investments?
Asset Manager
Available $; What’s your financial strategy for the fund? Does it work?; did you make a crypto-fund in 2021?
“VC”
Thought leadership; how much can you sell your money?
Fund Manager
Are you able to build/nurture great investors? Do people want to work for you?

How to be a bad manager:

There are four cardinal no’s to being a VC manager:

1) Take credit. Here’s a hot take, stop promoting PE-like competition within the fund. As least for the next 5 years, not a single fund is that differentiated enough to have a disjoined team.

2) Force. This job is inherently independent - at least, that’s what it should be. Similar to how you’d work with founders — find the styles and ways of being your underling is good at. Stop forcing the way it worked 5 year ago, explore it, try it, but don’t force it.

3) Be rude. Don’t be a dick.

4) Own relationships. This goes back to the take-credit point, but this is supposed to be a team. One person wins, everyone wins. I get that deals are everything, but check the employee-churn rate at the most internally competitive funds — it’s high.

Michael Scott

I’m not old enough to know how to be a good manager. But I have my two cents for the not great bosses. Didn’t you all watch The Office? Did we not learn anything about how much work means to people? How to be nice to one another?

This section isn’t to say that there arent/I haven’t had incredible bosses, but it is telling some that I’m seeing poor management decisions affect Junior investors more than you know.

  • VC Management
  • Four aspects to the job:
  • How to be a bad manager:
  • Michael Scott