What Type Of Person Thrives In The Venture Capital Industry, According To A Managing Partner At Hyperspace Ventures
Peter, Managing Partner at Hyperspace Ventures, identifies three key traits for success in the venture capital industry: a "willingness to go against the grain," persistent resilience in the face of setbacks ("not taking no for an answer"), and strong interpersonal skills to navigate inevitable challenges and "managing different personalities." This perspective highlights the importance of contrarian thinking, perseverance, and collaboration in a high-stakes, dynamic environment.
Contrarian Thinking, Persistence, Strong Interpersonal Skills, Teamwork, Resilience
Advizer Information
Name
Job Title
Company
Undergrad
Grad Programs
Majors
Industries
Job Functions
Traits
Peter Fox
Managing Partner
Hyperspace Ventures
University of North Carolina - Chapel Hil|, 2017
N/A
Business Management & Admin
Finance (Banking, Fintech, Investing), Technology
Business Strategy
None Applicable
Video Highlights
1. Be contrarian and willing to go against the grain.
2. Be persistent and not take no for an answer.
3. Possess strong interpersonal skills and be able to work productively with diverse individuals
Transcript
How would you describe people who typically thrive in this industry?
You have to be a little contrarian by nature. Many successful people, whether creating or investing in a product, won't see a return if they only invest in something everyone already believes in.
The willingness to go against the grain is important. On top of that, persistence is key. This means iterating on the product or convincing investors.
Often, the first version of a product isn't the one that finds long-term success. Being willing to keep trying and essentially not taking no for an answer is crucial.
Beyond that, being strong interpersonally is very helpful. You'll be working with many different individuals and mindsets, so managing different personalities is important. You're inevitably going to hit road bumps with your startup.
Being able to navigate those challenges and work productively as a team through them is significant.