How does one go about becoming a Venture Capitalist?
As Ryan Lackey noted, having a lot of money is essentially irrelevant in this context of how to become a venture capitalist, because that is not the way venture capital works.
A venture capitalist (colloquially known as a VC) is a professional money manager who gets paid to manage *other* people’s money, not his or her own. [Typically, only 1% or so of the money in a VC fund would come from the general partners themselves.]
In contrast, rich people investing their personal funds into early stage companies are known as Angel Investors. For a longer discussion of the good and bad sides of angel investing, see my answer to: If I want to invest $5,000 as a new angel investor, what chances do I have of making a profit in 5 years?
*original post can be found on Quora @ http://www.quora.com/David-S-Rose/answers *
Written by David S. Rose
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