Adventures in Venture Capital Quotes

“Finally, it is worth noting that multiplicity is not necessarily the best possible option under all circumstances. For example, an entrepreneur cannot run 10 businesses at once; he must be as focused as possible and only then will he succeed. Note, however, that this applies only to the entrepreneur: the exact opposite applies to the investor. If the investor puts his whole heart and soul into a single startup and refuses to work with any others until he makes a successful exit from the first, his risk rises exponentially.”
― Igor Ryabenkiy, Adventures in Venture Capital: A Practical Guide for Novice Angels and Future Unicorns

“- Only invest funds that you can afford to lose. - Invest only in projects that you understand. - Don’t chase hype. - Invest in teams with which you feel comfortable working. - Always write proper legal documents. - Don’t be a “backseat driver.” - Think from the very beginning about building up a portfolio of projects, and then gradually begin the process. - Remember that you won’t get your money until you exit the project. - Know how to conduct a competent financial analysis. - Don’t forget about co-investment.”
― Igor Ryabenkiy, Adventures in Venture Capital: A Practical Guide for Novice Angels and Future Unicorns