How do you start getting into VC?
With the lack of substantial capital and experience, how can someone learn more about venture capital? How did you get started?
From @garrytan[1]
> Lots of college students reach out to me asking me about how to be a VC.
I tell them: be a founder first. The best VCs are chosen by founders based on how much they can help bake the 10 year overnight success.
Power laws plus adverse selection equal bad returns. Be a founder.
[1] https://twitter.com/garrytan/status/1286307220796272643
I read on the internet somewhere about a strategy to fake it until you make it. Basically you would approach a number of startups acting as a VC LP. Talk to early stage start ups and start to put together a round. Bring that round to established VC firms and show them what you would do if you were backed by them. It seems like a good way to burn some bridges in a tight knit community but it might be worth a shot.
Join as an intern, if you are an undergrad from Harvard, Yale, Princeton, Stanford, etc. That is a path for those who are not well connected.
Some VC's are generous with their time and happy to answer questions about all sorts of things in a lot more detail than you'd expect. Patrick Mathieson (Toba Capital) comes to mind as a great example.