This question originally appeared on Quora: Why are venture capitalists usually the biggest a**holes?
I think because of a combination of 5 factors:
1. Most of them are failing. Only the top 10-20% of VC firms and VCs have good enough results. That means the vast majority are failing, but sloooooowly. More on this here:
2. Only Unicorns (i.e., $1,000,000,000+ IPOs and acquisitions) make the business model work. More on that here:. Means if you are really only looking for a single or a double (which can still be amazing) ... you're almost inherently in tension with VCs.
3. Money, money, money. VC is a financial services product. VCs try to act founder-centric and founder-friendly, and that's great ... but you gotta deliver the numbers. As a founder, you don't measure yourself this way every day -- on money. You do when you raise money, get a valuation, yes. But other than that -- you just build something great. As a VC, you measure yourself, and are judged, on money and IRR. Every. Single. Day. Or at least, every single Monday partners' meeting.
3b. It's really gossipy, or if not gossipy -- really insidery, and everyone else in the industry is constantly sizing you up, like you're in a locker room. As you'd expect, because of 1, 2, and 3 ... but you don't know for a while. You don't really know if Slack or Zenefits or Talkdesk is going to blow up ... until it does.
4. Many are sort of jealous of founder CEOs, or at least, have some ego issues here. Many VCs are sort of jealous that the best founder CEOs make so much more money than VCs. And also, they know they don't really create value. They just assist in its growth. The great VCs don't call themselves "founding investors" or B.S. like that (unless they literally and truly co-found the company), because they know. They aren't nearly as important, or as great, as a Great Founder CEO.
5. Everyone's always trying to pitch you. Here's where you can have some sympathy. It is exhausting to have 50-100 people a week you don't know asking you for something. It's one thing as a CEO, because it's your team. But all the inbounds, all the people grabbing you at events, with their pitches, their ideas, etc. etc. ... at dinner ... at Starbucks ... at your kids' school ... everywhere ... it's too much. You need a screen.
So really, VCs and founders aren't really doing the same thing, not really.
if you have one that's a true partner, and you're going for it ...
it can be a great thing.
You'll grow much faster, get much richer, and have a much better outcome because of that one, or two, VCs that bet millions on you, before you broke out, before you were hot, before it was obvious.
>> In fact, almost no one will care as much about the company as the founders do -- other than that one early VC that took so much risk, and put so much money on the line.
You'll be bonded throughout your journey.
Why are venture capitalists usually the biggest a**holes?: originally appeared on Quora: The best answer to any question. Ask a question, get a great answer. Learn from experts and access insider knowledge. You can follow Quora on Twitter, Facebook, and Google+. More questions: