Guy Kawasaki has a funny and so true post about young entrepreneurs.
If you want additional proof that we’re in a bubble, here it is: young people are trying to get into the venture capital business again.
His advice for young people just out of college to create a product or service instead of immediately going into a venture fund is good because a venture fund is the last place you should work in your career, not the first.
It reminds me of Real Estate Investors. I’ve known some that do a couple of deals and then immediatly go into coaching and teaching. When you ask them how to handle a down turn market they have no idea because they have never seen one. Then when a down market comes they continue to tell students that is is still easy even though the only money they are making is in teaching. I also see this big time in Internet Marketers. Great copywriting can sell snow to Eskimos in a snow storm.
Anyways, I degress. Check out Guy’s VC Aptitude Test. Great stuff. His questions are dead on.
How to Change the World: The Venture Capital Aptitude Test (VCAT)
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