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11 Things I've learned from running a micro VC in the last year

Hippoland

You need to be willing to bootstrap for about 5-10 years. In contrast to building a product company, where most people bootstrap for maybe 2-3 years and then either raise some money or build off of profits or throw in the towel, when you sign up to do your own VC, you are committed for 10 years (the standard life of a fund).

Salary 48
article thumbnail

11 Things I've learned from running a micro VC in the last year

Hippoland

You need to be willing to bootstrap for about 5-10 years. In contrast to building a product company, where most people bootstrap for maybe 2-3 years and then either raise some money or build off of profits or throw in the towel, when you sign up to do your own VC, you are committed for 10 years (the standard life of a fund).

Salary 48
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ProfessorVC: The Most Important Venture Capital Statistic

Professor VC

However, as we soon discovered, many of these firms were forced to hoard capital for existing portfolio companies and focus most of their time and energy on deciding which ones deserved these reserves. Some were also dealing with issues of limited partners struggles with capital calls and asset allocations. Bootstrapping 101.