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:
- You drive a $80,000 4th car
- You haven't travelled economy (or commercial) since you left college
- Your office as a $4,000 expresso machine and food imported from different countries and is available to the entire staff for free
- 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.
- Your kids all go to private school
- You are in 3 different states in 24 hours
- You use terms like 'leverage', 'monitization', 'revenue path', 'term sheet', 'valuation' and 'exit' at least dozen times a day
- You are considered obnoxious, brutally direct and an egoistic elitist by all - until they need your money.
- You work 90 gazillion hours a day
- You plan to retire in 10 years (at whatever stage you are at right now). You get the point! ;)
- You know CEO's of most major Fortune 500 companies and some of them are your high-school or college buddies
- You only hire people from Ivy league or former successful entrepreneurs
- You live in Massachusetts or California
- You invest in the person with the idea than the idea itself, however good
- You are surrounded by lawyers
- The only reading you do is business plans
- You plan company outings to Italy or France.
- Your bonus is bigger than most CEO salaries
- 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).
- You think everything in life needs a spread-sheet and a 'bell curve'
- You think a $100 Million fund is small
- You think your next fund should be at least $1 Billion
- You are looking for a job! :))
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