Grace Gong > Quotes

“There are people who talk about operating experience and there are people who say it’s about risk-taking or process, or due diligence, but it’s about none of that. People have gut feelings about things and there are lots of ways that they rationalize themselves into their investment decisions. Very few people are willing to take the risk and fund some of these things that turn out to be crazy large, whether it’s Amazon (which was a book store), Google (which was the 27th search engine), or Genentech (which really was just a science project). None of those things in 20/20 hindsight were rational decisions you would make. It takes risk-takers to do seed investing, not risk managers.”
― Grace Gong, How to be a VC: LEARN FROM TOP SILICON VALLEY INVESTORS ON HOW THEY BECAME VCS