My Insecurities as a VC
I have insecurities on my relevance as an investor compared to the successful SaaS operator turned VC. It isn't very comfortable to admit that I've got insecurities around that, but it is true. The "been there done that" is a hard story to compete against.
The other investor persona is the once investment banker, or management consultant turned venture capitalist - that is not my story either. I am neither an ivy league finance guy nor a successful founder.
I founded a service company that I sold and barely broke even, then jumped into venture capital through a bit of nepotism. I climbed my way through the scarce Arizona funding environment until I felt comfortable starting my firm.
My investment returns are good for venture standards and continue to improve. I've got successful founders and operators that say nice things about me. I'm quick, relentless, and will work my ass off for any of my portfolio companies.
I will not justify to founders the value I bring besides money. I need to get over my insecurities about being a non-SaaS founder VC. I have had exits. I've got a great network and deal flow that gives me pattern recognition. Being a career investor gives me several data points to give perspective to founders. My job is to understand the markets and value drivers instead of the operator who offers SaaS operating best practices.
I am a solo GP- hear me roar!