The Hardship of Being a VC
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The Hardship of Being a VC
Fremont: Do you know who founded Apple, Google and Facebook? Definitely. But do you know the Venture Capitalists who contributed towards the success of these companies? May be not. This is the pain that every VC undergoes every point of time. As a VC, especially a young VC, one is exposed to the broadest range of exhilarating ideas, it is hard to not want to go for broke and go after it himself. The VCs' not only provide funding to these startups and established organizations, but also mentors them to succeed in achieving their business plan. On top of these hard work, they are being overlooked by people as someone being very aggressive and always eager to eat up their pie of cake in exchange of funds that they provide. VCs' are no superhuman, but they are a bit of magician who analyses a dozen of entrepreneurs whom they meet daily who are eager to explain their ideas and get funding from them. VCs' put themselves to rigorous analytical structure with predictive capacity on high uncertainity. They are constantly updating that model as they are learning from the market. VCs' make decisions, invest and track the soundness of the analytics and decisions taken by them. The knowledge that they gain is used to improvise the business, thus helping the entrepreneurs to create a number of employment opportunities and contributing towards social and economic growth. Today VCs' are not intended just towards growing the economy of their own country but are investing globally thus contributing towards the growth of economy globally. There are several startups and established organizations who were denied funding within their country or their product and ideas does not seem to be relevant to the VCs' within their country, but have got funding and mentoring from VCs' abroad. Their mentoring and up-to-date market knowledge helps the startups hire people most fit for the organization and also helps them bridge the gap between their plan and its implementation. Turn any page of the book of corporate history, you will never find mentioned the name of the VCs' and their key roles they played in the success or failure of a particular company they invested in. It can be better said that history does not remember the VCs' but the entrepreneurs. Their name remains a history unexplored irrespective of their contribution towards creating one.

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