I was a venture capital investor for about five years prior to starting my first healthcare company. It gave me the opportunity, while I was still pretty young in my career, to learn the process of sourcing, investing in, and then owning an interest in a highly volatile start-up company. I had a mentor who said to me once, “You don’t know what you invested in until you get to the first board meeting”. He also said, “The easiest thing you’ll ever do in this business is write the check”. The point is that the work of the venture capitalist begins once they are an owner.
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