Press "Enter" to skip to content

Venture Capitalist Documentary – Does being a VC make you a better entrepreneur?


does being a VC make you a better

does being a VC make you a better entrepreneur so I got a great question

entrepreneur so I got a great question

entrepreneur so I got a great question from one of my YouTube viewers kevin

from one of my YouTube viewers kevin

from one of my YouTube viewers kevin love you guys and he wrote in the say

love you guys and he wrote in the say

love you guys and he wrote in the say would you say getting into a VC would

would you say getting into a VC would

would you say getting into a VC would help you gain skills that would make you

help you gain skills that would make you

help you gain skills that would make you a better business owner and/or angel

a better business owner and/or angel

a better business owner and/or angel investor so VC here is venture

investor so VC here is venture

investor so VC here is venture capitalist and I would respond to that

capitalist and I would respond to that

capitalist and I would respond to that absolutely so when I when I sold my

absolutely so when I when I sold my

absolutely so when I when I sold my software company I didn’t know what I

software company I didn’t know what I

software company I didn’t know what I was gonna do next I wish I could say I

was gonna do next I wish I could say I

was gonna do next I wish I could say I had this clear plan here’s my next steps

had this clear plan here’s my next steps

had this clear plan here’s my next steps here’s where I’m going I had no idea and

here’s where I’m going I had no idea and

here’s where I’m going I had no idea and I was I was frustrated and scared I was

I was I was frustrated and scared I was

I was I was frustrated and scared I was kind of looking for my next passion

kind of looking for my next passion

kind of looking for my next passion project to jump into and I think we all

project to jump into and I think we all

project to jump into and I think we all go through these periods in our lives

go through these periods in our lives

go through these periods in our lives where we’re not sure what we want to do

where we’re not sure what we want to do

where we’re not sure what we want to do next right and the way to get through

next right and the way to get through

next right and the way to get through that isn’t to force ideas on yourself

that isn’t to force ideas on yourself

that isn’t to force ideas on yourself and forced projects on yourself but to

and forced projects on yourself but to

and forced projects on yourself but to explore see what things are interesting

explore see what things are interesting

explore see what things are interesting for you and just start to explore and

for you and just start to explore and

for you and just start to explore and see if you’d like it or not so I tried a

see if you’d like it or not so I tried a

see if you’d like it or not so I tried a whole bunch of stuff I tried rock

whole bunch of stuff I tried rock

whole bunch of stuff I tried rock climbing I tried salsa dancing I tried

climbing I tried salsa dancing I tried

climbing I tried salsa dancing I tried getting to venture capital firm just to

getting to venture capital firm just to

getting to venture capital firm just to see you know not having expectations

see you know not having expectations

see you know not having expectations just to see what I like the reason for

just to see what I like the reason for

just to see what I like the reason for getting into venture capital was with my

getting into venture capital was with my

getting into venture capital was with my business we never needed venture capital

business we never needed venture capital

business we never needed venture capital we came close we thought about it we had

we came close we thought about it we had

we came close we thought about it we had potential opportunities but we never

potential opportunities but we never

potential opportunities but we never actually got funding for business or our

actually got funding for business or our

actually got funding for business or our business got acquired before we went for

business got acquired before we went for

business got acquired before we went for funding it was always one of those

funding it was always one of those

funding it was always one of those things that I was kind of interested in

things that I was kind of interested in

things that I was kind of interested in to see what it was like and because I

to see what it was like and because I

to see what it was like and because I didn’t have a business idea for what to

didn’t have a business idea for what to

didn’t have a business idea for what to do next I thought maybe I’ll just learn

do next I thought maybe I’ll just learn

do next I thought maybe I’ll just learn about the VC world and raising capital

about the VC world and raising capital

about the VC world and raising capital and see what it’s like and see if I

and see what it’s like and see if I

and see what it’s like and see if I enjoy it could have been something that

enjoy it could have been something that

enjoy it could have been something that I tried for a week and hated it I was

I tried for a week and hated it I was

I tried for a week and hated it I was fortunate enough to hook up with a

fortunate enough to hook up with a

fortunate enough to hook up with a company in Toronto where the main

company in Toronto where the main

company in Toronto where the main partners wrong there 60s or 70s they had

partners wrong there 60s or 70s they had

partners wrong there 60s or 70s they had a whole ton of experience and they

a whole ton of experience and they

a whole ton of experience and they needed help bringing in new people new

needed help bringing in new people new

needed help bringing in new people new businesses if they could get the

businesses if they could get the

businesses if they could get the businesses they knew where to go for the

businesses they knew where to go for the

businesses they knew where to go for the funding so my roles that come in and

funding so my roles that come in and

funding so my roles that come in and help them find new businesses I had

help them find new businesses I had

help them find new businesses I had friends who are growing their companies

friends who are growing their companies

friends who are growing their companies who needed advice who needed expansion

who needed advice who needed expansion

who needed advice who needed expansion capitals who seemed like a good fit and

capitals who seemed like a good fit and

capitals who seemed like a good fit and along the way I learned not just about

along the way I learned not just about

along the way I learned not just about how to raise capital which is great

how to raise capital which is great

how to raise capital which is great right you see

right you see

right you see come in and they’re getting asked

come in and they’re getting asked

come in and they’re getting asked questions by the main partners at my

questions by the main partners at my

questions by the main partners at my firm and you know I didn’t know the

firm and you know I didn’t know the

firm and you know I didn’t know the answers to those questions so I had to

answers to those questions so I had to

answers to those questions so I had to think about it too I thought well for my

think about it too I thought well for my

think about it too I thought well for my next adventure if I ever need capital

next adventure if I ever need capital

next adventure if I ever need capital now I have it all figured out and it was

now I have it all figured out and it was

now I have it all figured out and it was also great to see how these businesses

also great to see how these businesses

also great to see how these businesses presented themselves how they grew to

presented themselves how they grew to

presented themselves how they grew to where they were right so part of my job

where they were right so part of my job

where they were right so part of my job was screening business plans and like

was screening business plans and like

was screening business plans and like 99.5% of the plans that came in got

99.5% of the plans that came in got

99.5% of the plans that came in got rejected and so I got this to learn

rejected and so I got this to learn

rejected and so I got this to learn quickly what the difference was between

quickly what the difference was between

quickly what the difference was between a great plane and all the others so I

a great plane and all the others so I

a great plane and all the others so I knew if I was writing the business plan

knew if I was writing the business plan

knew if I was writing the business plan how to make it great when they came in

how to make it great when they came in

how to make it great when they came in and they they presented I got to see how

and they they presented I got to see how

and they they presented I got to see how they presented I got to see what their

they presented I got to see what their

they presented I got to see what their story was I got to see who was on their

story was I got to see who was on their

story was I got to see who was on their team how they built their companies and

team how they built their companies and

team how they built their companies and all that was being soaked up so I knew

all that was being soaked up so I knew

all that was being soaked up so I knew if I launched a new company I could take

if I launched a new company I could take

if I launched a new company I could take all that knowledge with me I got to see

all that knowledge with me I got to see

all that knowledge with me I got to see how companies grew so quickly and what

how companies grew so quickly and what

how companies grew so quickly and what made them so successful and I gained

made them so successful and I gained

made them so successful and I gained great contacts through it as well and

great contacts through it as well and

great contacts through it as well and again I could use all that I didn’t know

again I could use all that I didn’t know

again I could use all that I didn’t know there was no great plan but I was just

there was no great plan but I was just

there was no great plan but I was just learning I was enjoying the learning

learning I was enjoying the learning

learning I was enjoying the learning process I was there for maybe two years

process I was there for maybe two years

process I was there for maybe two years just under two years and through that

just under two years and through that

just under two years and through that process started working on my own

process started working on my own

process started working on my own website and didn’t know if it be a

website and didn’t know if it be a

website and didn’t know if it be a business or what would happen but it

business or what would happen but it

business or what would happen but it just started to take off and I felt like

just started to take off and I felt like

just started to take off and I felt like I had learned what I needed to learn

I had learned what I needed to learn

I had learned what I needed to learn from the venture capital business and

from the venture capital business and

from the venture capital business and decided I’m gonna leave that I’m gonna

decided I’m gonna leave that I’m gonna

decided I’m gonna leave that I’m gonna do my own thing off of every Carmichael

do my own thing off of every Carmichael

do my own thing off of every Carmichael comm and that group you’ll find with

comm and that group you’ll find with

comm and that group you’ll find with things in your life that some things

things in your life that some things

things in your life that some things you’ll love for a little bit some things

you’ll love for a little bit some things

you’ll love for a little bit some things you’ll love for a long time and that’s

you’ll love for a long time and that’s

you’ll love for a long time and that’s okay

okay

okay you know the VC world I love for a

you know the VC world I love for a

you know the VC world I love for a little bit and then my passion fell I

little bit and then my passion fell I

little bit and then my passion fell I felt like I had learned what I need to

felt like I had learned what I need to

felt like I had learned what I need to learn and I wasn’t excited by it anymore

learn and I wasn’t excited by it anymore

learn and I wasn’t excited by it anymore that’s the time to leave and go do

that’s the time to leave and go do

that’s the time to leave and go do something else

something else

something else where too many people feel like oh well

where too many people feel like oh well

where too many people feel like oh well gain these skills I’m really good at

gain these skills I’m really good at

gain these skills I’m really good at this so even though I’m not that

this so even though I’m not that

this so even though I’m not that interested in it I’m gonna keep going

interested in it I’m gonna keep going

interested in it I’m gonna keep going because it’s a good career path for me

because it’s a good career path for me

because it’s a good career path for me or I can make a lot of money doing it if

or I can make a lot of money doing it if

or I can make a lot of money doing it if you’re not excited by it anymore

you’re not excited by it anymore

you’re not excited by it anymore you have to move on and do something

you have to move on and do something

you have to move on and do something else

else

else and entrepreneurship was really what was

and entrepreneurship was really what was

and entrepreneurship was really what was exciting me and my website and helping

exciting me and my website and helping

exciting me and my website and helping other business owners really excited me

other business owners really excited me

other business owners really excited me and still does today I still love it

and still does today I still love it

and still does today I still love it today it’s been 12 years I don’t know

today it’s been 12 years I don’t know

today it’s been 12 years I don’t know how long it’s been I still love it it’s

how long it’s been I still love it it’s

how long it’s been I still love it it’s still great for me if I ever lose my

still great for me if I ever lose my

still great for me if I ever lose my interest for helping entrepreneurs and

interest for helping entrepreneurs and

interest for helping entrepreneurs and I’ll go do something else but you always

I’ll go do something else but you always

I’ll go do something else but you always have to follow your passion that’s what

have to follow your passion that’s what

have to follow your passion that’s what got me into the VC world it definitely

got me into the VC world it definitely

got me into the VC world it definitely made me a better entrepreneur it

made me a better entrepreneur it

made me a better entrepreneur it definitely made me a better angel

definitely made me a better angel

definitely made me a better angel investor but again you know go into it

investor but again you know go into it

investor but again you know go into it if you’re feeling like you love it and

if you’re feeling like you love it and

if you’re feeling like you love it and you feel like you want to learn about it

you feel like you want to learn about it

you feel like you want to learn about it and the moment that that passion stops

and the moment that that passion stops

and the moment that that passion stops then go find something else and it’s

then go find something else and it’s

then go find something else and it’s okay not to know where you’re gonna go

okay not to know where you’re gonna go

okay not to know where you’re gonna go but you know that you’re on the path and

but you know that you’re on the path and

but you know that you’re on the path and if you continue searching you’re gonna

if you continue searching you’re gonna

if you continue searching you’re gonna find something you love and can

find something you love and can

find something you love and can hopefully build a massively successful

hopefully build a massively successful

hopefully build a massively successful and rewarding and fulfilling business

and rewarding and fulfilling business

and rewarding and fulfilling business around belief fills you watching like

around belief fills you watching like

around belief fills you watching like the video please give it a thumbs up

the video please give it a thumbs up

the video please give it a thumbs up below you have a question or comment

below you have a question or comment

below you have a question or comment leave it below and I can make a video

leave it below and I can make a video

leave it below and I can make a video response for you and click on my face to

response for you and click on my face to

response for you and click on my face to subscribe to the channel thank you guys

subscribe to the channel thank you guys

subscribe to the channel thank you guys for watching so much and I’ll see you

for watching so much and I’ll see you

for watching so much and I’ll see you soon

”

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *