Mark Goldberg, co-founder of venture firm Chemistry and former partner at Index Ventures, discusses whether wealthy investors perform better or worse in venture capital.
“My gut reaction is to say the opposite, which is that, you know, The wealth level correlates with a lack of hustle and therefore, but it's, that's actually not in practice what I'seen. I think there is a correlation less about the money and more about the people who are so good at this job that it's not actually a, the money is the afterthought. They love the job and they love doing this.”
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More from Mark Goldberg
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Goldberg: Angel investors have worse odds of making money than playing roulette
“I think what most people fail to understand is that it's extremely risky. I mean, you probably have a better shot at going to a casino and winning roulette than making money angel investing.”
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“The biggest mistake is when you try to make consensus decisions at the early stage, I think you end up with consensus funds.”
Mark GoldbergOct 25, 2024▶ 0:18Mark Goldberg: Why Politics is Rife & Decision-Making is Broken in Large VCs | E1219 · 20VC with Harry Stebbings
Insight
Goldberg: Growth founders should only prioritize price and non-interference
“The other thing I would agree with is that the later stages, that's all that matters. When you're doing it, when you're picking what growth investor you want to work with what you should care about is the price and them staying out of your way.”
Mark GoldbergOct 25, 2024▶ 7:02Mark Goldberg: Why Politics is Rife & Decision-Making is Broken in Large VCs | E1219 · 20VC with Harry Stebbings
Insight
Goldberg: Knowing too much domain information can ruin Series A investing
“If you know too much, because the crazy ideas are crazy, right? Like they, You can out think yourself from any good series A by overthink. I've done it myself. I've seen other people do it. And I think knowing too much can actually be dangerous.”
Mark GoldbergOct 25, 2024▶ 46:40Mark Goldberg: Why Politics is Rife & Decision-Making is Broken in Large VCs | E1219 · 20VC with Harry Stebbings
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