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VENTURE CAPITALIST: Failure Will Set You Up For Success

About this video 

Q became a venture capitalist after working at a startup and watching it fail. Through this experience, he was actually able to meet and build connections with many investors, which launched him into the venture capital field. Now his job entails funding other entrepreneurs and supporting their great ideas.

Degree: Engineering
Job Title: Venture Capitalist
Employer: Self-Employed

Job Summary: Venture Capitalist

Job Description

A venture capitalist (VC) invests in start-up or relatively small businesses. VCs look for little-known companies that have a unusually large potential to provide them and their limited partners (investors) an outsize return on their investment. VCs usually organize themselves into small firms that work together to choose investments. Many VCs, after making an investment, will actively work with the company in which they invested (a portfolio company) to help it prosper.

On-the-Job Training

Varies widely.

Quick Facts

Average salary
Average salary
National Statistic Change Location
Confirm
$100,000 - $300,000
Projected job growth
Projected Job Growth
1 to 5 percent
Typical schedule
Typical schedule
Full-time, Irregular
Typical workplace
Typical workplace
Indoor, Office, Travel
Personal qualities
Personal Qualities
Analytical skills, Detail oriented, Mathematical skills, Verbal communication skills, Written communication skills, Networking, People skills, Problem solving skills

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P3.instances[0].transcript.parse_transcript_data({"transcript":"<p><span m='770'>Hi</span> <span m='950'>there.</span> <span m='1690'>My</span> <span m='1860'>name</span> <span m='2130'>is</span> <span m='2760'>Q.</span> <span m='3690'>And</span> <span m='5480'>I</span> <span m='5680'>am</span> <span m='5800'>someone</span> <span m='6110'>who</span> <span m='6280'>funds</span> <span m='7250'>entrepreneurs,</span> <span m='8260'>just</span> <span m='8500'>people</span> <span m='8910'>like</span> <span m='9100'>yourselves,</span> <span m='9860'>who</span> <span m='10140'>are</span> <span m='10280'>going</span> <span m='10400'>to</span> <span m='10460'>go</span> <span m='10740'>from</span> <span m='10900'>high</span> <span m='11060'>school--</span> <span m='13240'>some</span> <span m='13460'>of</span> <span m='13580'>you</span> <span m='13690'>may</span> <span m='13810'>go</span> <span m='14020'>to</span> <span m='14120'>undergrad,</span> <span m='14560'>some</span> <span m='14700'>of</span> <span m='14820'>you</span> <span m='14900'>may</span> <span m='14990'>not,</span> <span m='15770'>but</span> <span m='16170'>you</span> <span m='16290'>guys</span> <span m='16620'>will</span> <span m='16790'>come</span> <span m='16990'>up</span> <span m='17220'>with</span> <span m='17840'>great</span> <span m='18140'>ideas.</span> <span m='19240'>And</span> <span m='19840'>we</span> <span m='19950'>are</span> <span m='20120'>there</span> <span m='20330'>to</span> <span m='20430'>go</span> <span m='21320'>provide</span> <span m='21640'>the</span> <span m='21760'>capital,</span> <span m='22320'>as</span> <span m='22400'>well</span> <span m='22540'>as</span> <span m='22710'>partner</span> <span m='24080'>with</span> <span m='24260'>some</span> <span m='24430'>of</span> <span m='24530'>you</span> <span m='24650'>folks</span> <span m='25370'>to</span> <span m='25510'>build</span> <span m='25920'>large</span> <span m='26210'>companies</span> <span m='26710'>and</span> <span m='26880'>successful</span> <span m='27320'>companies.</span> </p><p><span m='28420'>I'll</span> <span m='28540'>just</span> <span m='28740'>try</span> <span m='28880'>to</span> <span m='28970'>address</span> <span m='29280'>the</span> <span m='29390'>question</span> <span m='29730'>of</span> <span m='29830'>how</span> <span m='30130'>I</span> <span m='30260'>got</span> <span m='30620'>into</span> <span m='30790'>this</span> <span m='30990'>business</span> <span m='31460'>of</span> <span m='31930'>venture</span> <span m='32250'>capital</span> <span m='32710'>or</span> <span m='32820'>financing</span> <span m='33650'>ideas.</span> <span m='35670'>My</span> <span m='35840'>background</span> <span m='37560'>is</span> <span m='38130'>I</span> <span m='38230'>did</span> <span m='38950'>engineering</span> <span m='40030'>both</span> <span m='40270'>bachelor's</span> <span m='40870'>and</span> <span m='40980'>master's,</span> <span m='41540'>and</span> <span m='41950'>then</span> <span m='42620'>worked</span> <span m='42910'>for</span> <span m='43120'>a</span> <span m='43160'>long</span> <span m='43400'>while</span> <span m='43700'>as</span> <span m='43850'>an</span> <span m='43970'>engineer</span> <span m='44560'>as</span> <span m='44740'>well</span> <span m='44910'>as</span> <span m='46030'>in</span> <span m='46170'>a</span> <span m='46250'>company</span> <span m='46660'>for</span> <span m='46920'>product</span> <span m='47300'>management</span> <span m='47750'>and</span> <span m='47840'>business</span> <span m='48190'>development,</span> <span m='49180'>and</span> <span m='49350'>really</span> <span m='49590'>never</span> <span m='49830'>planned</span> <span m='50700'>to</span> <span m='50810'>be</span> <span m='51960'>in</span> <span m='52070'>the</span> <span m='52140'>venture</span> <span m='52390'>capital</span> <span m='52720'>business.</span> </p><p><span m='53120'>It</span> <span m='53230'>was</span> <span m='53800'>purely</span> <span m='54120'>out</span> <span m='54250'>of</span> <span m='55290'>I</span> <span m='55400'>would</span> <span m='55580'>say--</span> <span m='57630'>I</span> <span m='57720'>don't</span> <span m='57910'>even</span> <span m='57973'>want</span> <span m='58036'>to</span> <span m='58100'>call</span> <span m='58226'>it</span> <span m='58353'>luck</span> <span m='58480'>or</span> <span m='58970'>anything,</span> <span m='59450'>or</span> <span m='59570'>being</span> <span m='59750'>right</span> <span m='60020'>time,</span> <span m='60320'>right</span> <span m='60450'>place.</span> <span m='60840'>I mean,</span> <span m='61190'>the</span> <span m='61252'>way</span> <span m='61314'>it</span> <span m='61376'>worked</span> <span m='61438'>out</span> <span m='61660'>was</span> <span m='63450'>after</span> <span m='63760'>working</span> <span m='64080'>at</span> <span m='64120'>large</span> <span m='64390'>companies,</span> <span m='65239'>I</span> <span m='65360'>was</span> <span m='65550'>doing</span> <span m='65720'>start-ups.</span> <span m='66520'>And</span> <span m='67000'>the</span> <span m='67090'>last</span> <span m='67470'>start-up</span> <span m='67720'>I</span> <span m='67760'>was</span> <span m='68030'>with</span> <span m='68320'>had</span> <span m='68470'>a</span> <span m='68530'>spectacular</span> <span m='69230'>failure.</span> <span m='70430'>And</span> <span m='70630'>this</span> <span m='70800'>is</span> <span m='70910'>all</span> <span m='71030'>about</span> <span m='71580'>what</span> <span m='71890'>we</span> <span m='72010'>discussed</span> <span m='72860'>in</span> <span m='73040'>today's</span> <span m='73670'>conference</span> <span m='74260'>was</span> <span m='74410'>about</span> <span m='74640'>risk</span> <span m='74870'>taking,</span> <span m='75260'>and</span> <span m='75370'>so</span> <span m='75570'>this</span> <span m='75740'>was</span> <span m='75850'>one</span> <span m='75950'>of</span> <span m='76020'>those</span> <span m='76270'>things</span> <span m='76530'>that</span> <span m='76670'>we</span> <span m='76780'>took</span> <span m='76940'>a</span> <span m='76990'>risk</span> <span m='77280'>on.</span> </p><p><span m='78110'>It</span> <span m='78260'>did</span> <span m='78380'>not</span> <span m='78620'>pan</span> <span m='78880'>out.</span> <span m='79210'>We</span> <span m='79750'>lost</span> <span m='80040'>one</span> <span m='80130'>of</span> <span m='80250'>our</span> <span m='80330'>biggest</span> <span m='80630'>customers.</span> <span m='81720'>And</span> <span m='82100'>we</span> <span m='82180'>had</span> <span m='82290'>a</span> <span m='82330'>decision</span> <span m='82730'>to</span> <span m='82820'>make.</span> <span m='83120'>We</span> <span m='83240'>had</span> <span m='83960'>a</span> <span m='84250'>bunch</span> <span m='84530'>of</span> <span m='84590'>money</span> <span m='84800'>left</span> <span m='85070'>over</span> <span m='85280'>from</span> <span m='85690'>the</span> <span m='85790'>VCs</span> <span m='85930'>and</span> <span m='86360'>we</span> <span m='86500'>decided</span> <span m='87060'>that</span> <span m='87560'>after</span> <span m='87790'>losing</span> <span m='88150'>our</span> <span m='88230'>main</span> <span m='88480'>customer,</span> <span m='89480'>it</span> <span m='89630'>was</span> <span m='89740'>not</span> <span m='89850'>going</span> <span m='89960'>to</span> <span m='90010'>be</span> <span m='90120'>a</span> <span m='90160'>viable</span> <span m='90600'>company.</span> <span m='91080'>So</span> <span m='91180'>we</span> <span m='91300'>returned</span> <span m='91600'>that</span> <span m='91730'>money</span> <span m='91950'>back</span> <span m='92240'>to</span> <span m='92340'>the</span> <span m='92990'>investors.</span> </p><p><span m='93970'>But</span> <span m='94120'>through</span> <span m='94270'>that</span> <span m='94450'>process,</span> <span m='95600'>I</span> <span m='95700'>was</span> <span m='95920'>able</span> <span m='96270'>to</span> <span m='97770'>form</span> <span m='98220'>a</span> <span m='98260'>very</span> <span m='98480'>good</span> <span m='98620'>connection</span> <span m='99100'>with</span> <span m='99730'>some</span> <span m='99865'>of</span> <span m='100000'>the</span> <span m='100110'>investors</span> <span m='100550'>on</span> <span m='100590'>the</span> <span m='100680'>board.</span> <span m='101050'>We</span> <span m='101590'>formed</span> <span m='101890'>a</span> <span m='102030'>good</span> <span m='102110'>trusted</span> <span m='102450'>relationship,</span> <span m='103190'>and</span> <span m='103930'>from</span> <span m='104140'>then</span> <span m='104360'>on,</span> <span m='104600'>that's</span> <span m='105080'>essentially,</span> <span m='105500'>how</span> <span m='105680'>I</span> <span m='105800'>ended</span> <span m='106000'>up</span> <span m='106150'>on</span> <span m='106260'>the</span> <span m='106350'>dark</span> <span m='106580'>side.</span> </p><p><span m='107450'>I</span> <span m='107540'>think</span> <span m='107710'>when</span> <span m='108590'>I</span> <span m='108630'>was</span> <span m='108770'>in</span> <span m='108830'>high</span> <span m='109010'>school,</span> <span m='109770'>I</span> <span m='109900'>tried</span> <span m='110190'>to</span> <span m='110480'>conform</span> <span m='111800'>to</span> <span m='112420'>some</span> <span m='112670'>of</span> <span m='112730'>the</span> <span m='112810'>things</span> <span m='113190'>in</span> <span m='114200'>grades</span> <span m='115030'>or</span> <span m='115250'>attendance.</span> <span m='116390'>And</span> <span m='117110'>one</span> <span m='117380'>thing--</span> <span m='118610'>I</span> <span m='118860'>tended</span> <span m='119150'>to</span> <span m='119220'>be</span> <span m='119310'>a</span> <span m='119390'>little</span> <span m='119470'>bit</span> <span m='119610'>a</span> <span m='119660'>nerd</span> <span m='120260'>or</span> <span m='120400'>a</span> <span m='120430'>bookish-type</span> <span m='121110'>person.</span> <span m='122180'>What</span> <span m='122460'>I</span> <span m='122620'>know</span> <span m='122830'>now</span> <span m='123380'>instead</span> <span m='123635'>is,</span> <span m='123890'>if</span> <span m='124290'>I'd</span> <span m='124530'>spent</span> <span m='124880'>some</span> <span m='125080'>time</span> <span m='125870'>earlier</span> <span m='126160'>on</span> <span m='126740'>in</span> <span m='126890'>my</span> <span m='127030'>life</span> <span m='127560'>taking</span> <span m='127870'>risks,</span> <span m='128680'>that</span> <span m='128830'>would</span> <span m='128930'>be</span> <span m='129050'>a</span> <span m='129160'>much</span> <span m='129740'>better</span> <span m='130039'>time.</span> <span m='130410'>You</span> <span m='130740'>don't</span> <span m='130889'>have</span> <span m='131620'>a</span> <span m='131700'>family,</span> <span m='132210'>you</span> <span m='132300'>don't</span> <span m='132410'>have</span> <span m='132540'>a</span> <span m='132600'>mortgage,</span> <span m='133570'>you</span> <span m='133720'>don't</span> <span m='133890'>have</span> <span m='134140'>any</span> <span m='134390'>liabilities.</span> <span m='135410'>So</span> <span m='138610'>it's</span> <span m='138860'>much</span> <span m='139160'>easier</span> <span m='139570'>to</span> <span m='139670'>fail</span> <span m='140250'>at</span> <span m='140410'>that</span> <span m='140670'>time</span> <span m='141070'>in</span> <span m='141180'>your</span> <span m='141320'>life</span> <span m='142220'>versus</span> <span m='142680'>when</span> <span m='142780'>you</span> <span m='142890'>got</span> <span m='143050'>married,</span> <span m='143350'>having</span> <span m='143620'>kids,</span> <span m='144030'>got</span> <span m='144055'>a</span> <span m='144080'>mortgage,</span> <span m='144460'>et</span> <span m='144860'>cetera.</span> </p><p><span m='145380'>So</span> <span m='145730'>I</span> <span m='145840'>would</span> <span m='146010'>encourage</span> <span m='146325'>all</span> <span m='146640'>of</span> <span m='146850'>you</span> <span m='147110'>high</span> <span m='147250'>school</span> <span m='147470'>students</span> <span m='147870'>to</span> <span m='147950'>go</span> <span m='148180'>take</span> <span m='148540'>risks</span> <span m='148900'>earlier</span> <span m='149240'>in</span> <span m='149380'>life.</span> <span m='150030'>And</span> <span m='150220'>fail</span> <span m='150625'>earlier</span> <span m='151030'>because</span> <span m='151300'>that's</span> <span m='151510'>just</span> <span m='151730'>going</span> <span m='151765'>to</span> <span m='151800'>set</span> <span m='151893'>you</span> <span m='151986'>up</span> <span m='152080'>for</span> <span m='152180'>success.</span> </p>","file":{"id":265655,"video_id":"2701076649001","name":"71317213","duration":153343,"thumbnail_url":null}});