Lessons from Running a Micro VC and the Power of Learning in Public

Lessons from Running a Micro VC and the Power of Learning in Public

Introduction:
Running a micro VC fund is a challenging endeavor that requires careful consideration and dedication. In this article, we will explore the lessons learned from running a micro VC fund and the importance of learning in public. Both of these topics offer valuable insights and actionable advice for those looking to venture into the world of venture capital and personal growth.

1. The Realities of Running a Micro VC Fund:
   Starting a micro VC fund is not for the faint of heart. It is important to understand the realities and challenges associated with this endeavor. Most VC funds fail, just like startups, and only a small percentage achieve substantial returns. Therefore, it is crucial to do thorough research and seek advice from experienced micro VCs before embarking on this journey.

Furthermore, the financial implications of running a micro VC fund can be significant. The majority of the fund's capital needs to be allocated for investments, leaving little room for personal income or other expenses. This can put a strain on personal finances and require sacrifices in terms of personal income. Bootstrapping a micro VC fund is a difficult task, as it offers minimal salary and limits opportunities for earning income outside of the fund.

2. The Importance of Learning in Public:
   Learning in public is a concept that holds immense value both for personal growth and the betterment of society. By sharing our learning journeys and ideas online, we create opportunities for serendipity, attract like-minded individuals, and offer assistance to others who are on a similar path.

When we publish our ideas, we become magnets for new opportunities, connections, and ideas from around the world. This not only accelerates our own learning but also opens doors we never knew existed. Additionally, sharing our learning process online allows us to receive valuable feedback and insights from a diverse audience, further enhancing our growth.

Moreover, an online profile acts as a lifelong asset that can be accessed and shared indefinitely. By building and maintaining an online presence, we contribute to the collective knowledge of humanity and leave a lasting impact. This sense of contribution and fulfillment can be immensely rewarding, both personally and for society as a whole.

3. Actionable Advice:
   Before concluding this article, here are three actionable pieces of advice for those considering running a micro VC fund or learning in public:

a) Conduct thorough research and seek advice: Before starting a micro VC fund, talk to at least 10 micro VCs to gain insights into the realities and challenges of this field. Learning from their experiences will help you make informed decisions and set realistic expectations.

b) Start learning in public: Whether you are a student, professional, or entrepreneur, begin sharing your learning journey online. Create an online profile that acts as a lifelong asset, contributing to the collective knowledge of humanity. Embrace feedback, connect with like-minded individuals, and open doors to unexpected opportunities.

c) Curate your learning and explore related fields: To maintain motivation and push yourself further, curate your learning process and explore related fields. This will expand your knowledge and provide a broader perspective on your chosen area of interest. Additionally, sharing your learning passively, without disrupting your workflow, can add value to others and foster a sense of contribution.

Conclusion:
Running a micro VC fund comes with its own set of challenges and requires careful consideration. Likewise, learning in public offers tremendous benefits for personal growth and the betterment of society. By embracing these concepts, we can navigate the complexities of venture capital and leave a lasting impact on the world. Remember, thorough research, active sharing, and continuous exploration are key to success in both domains.