Interplay's Mark Peter Davis suggests VCs adopt a macro lens, viewing their role as stewards of innovation for society's benefit. By asking if a company will genuinely improve life for future generations, investors can develop a powerful filter to separate transformative opportunities from short-term gimmicks, leading to better long-term investments.
Ben Black bluntly advises against entering venture capital without deep, hands-on experience building companies. He views his own early entry into VC as a mistake, arguing that at least ten years as an operator is necessary to develop the credibility and insight required to effectively guide early-stage founders.
Volition's Larry Cheng argues that passion is a strategic imperative, not a lifestyle choice. In a hyper-competitive world, genuine enjoyment fuels the extraordinary effort required to outperform rivals who love what they do. This intrinsic motivation is a key ingredient for winning, not just for personal fulfillment.