Thursday, January 15, 2009

You Know You're a VC When ...

A lot of these parameters have changed, are changing and will change in the near future. It's good to look back at the golden years of VC's:

  1. You drive a $80,000 4th car
  2. You haven't travelled economy (or commercial) since you left college
  3. Your office as a $4,000 expresso machine and food imported from different countries and is available to the entire staff for free
  4. You golf because you "have to" but only with people who have high net worth. You stop playing with them if they are no longer considered high net worth.
  5. Your kids all go to private school
  6. You are in 3 different states in 24 hours
  7. You use terms like 'leverage', 'monitization', 'revenue path', 'term sheet', 'valuation' and 'exit' at least dozen times a day
  8. You are considered obnoxious, brutally direct and an egoistic elitist by all - until they need your money.
  9. You work 90 gazillion hours a day
  10. You plan to retire in 10 years (at whatever stage you are at right now). You get the point! ;)
  11. You know CEO's of most major Fortune 500 companies and some of them are your high-school or college buddies
  12. You only hire people from Ivy league or former successful entrepreneurs
  13. You live in Massachusetts or California
  14. You invest in the person with the idea than the idea itself, however good
  15. You are surrounded by lawyers
  16. The only reading you do is business plans
  17. You plan company outings to Italy or France.
  18. Your bonus is bigger than most CEO salaries
  19. Your 'plan' in life is to sail the world, own a country club, fly a jet, travel in space or own an Italian sports car(s).
  20. You think everything in life needs a spread-sheet and a 'bell curve'
  21. You think a $100 Million fund is small
  22. You think your next fund should be at least $1 Billion
  23. You are looking for a job! :))

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