- You mentioned in one blog post The Danger of Crocodile Sales a while back that venture capitalists are often a certain typology on the Myers Briggs Indicator. Often advice for sourcing venture is equated with dating, implying that there is a matching that has to happen with an entrepreneur & investor. What do you think are the key ingredients that need to exist between venture capitalists and entrepreneurs that promote attraction & synergy between them to develop a great startup? Do you think there is a certain typology that would be linked with entrepreneurs, if we generalized?
I think all types of entrepreneurs can succeed. I think the most classic entrepreneur is an ENTP. But some of the most successful entrepreneurs are actually an I (Introvert). I don’t know whether they are an INTP or INTJ? I think some of the more successful, thoughtful people are actually introverted. I think it would be hard to argue that the founders of Google or Eric Schmidt or any of those people are extroverted. Or that Mark Zuckerburg?
I couldn’t remember what typology you said that most venture capitalists were?
I think almost all of them are ENTPs. So just in case anyone doesn’t follow Myers Briggs typology or whatever you want to call it. They tend to be extroverted, talkers more than thinkers, not to say that they don’t think but they talk. They tend to be intuitive. They are also highly analytical, but I think they tend to be talkers, thinkers, dominators, type A personalities. They tend to have gone to Harvard, Stanford, Yale, Princeton. They tend to have gone to Harvard Business School or Stanford Business School. They fit a very typical profile. I’m not arguing that’s a good thing, I’m just arguing that’s probably reality.
That’s the venture capitalist profile and the entrepreneur’s are similar is what you’re saying? Is that right?
You get a balance, you’d probably get more extroverted than introverted. But in particular these days with most tech companies have technical founders I think you get more people that are analytical as opposed to intuitive. I think you tend to get more people that are slightly more inwardly facing than externally facing.
So what I’m hearing is that there’s some combination of opposites between the venture capitalists & the entrepreneurs & some similarities so obviously they can work together? Would you agree with that then?
Yes that’s fair to say.
Mark thanks so much for this time & all this feedback. It’s always so informative for me reading your blog posts or speaking to you. Thank you so much, appreciate it.
Thank you, appreciate you setting it up.
Check out some related posts on my other blog:
Thanks to Alexander Blu for music ‘Concert’
- Q&A with Mark Suster on This Week in VC: Be Careful about Raising Venture Capital (wolpers.posterous.com)
- Venture capitalists set sights on Hollywood (reuters.com)
- TechZulu Interview with Mark Suster (feld.com)
- The 4 M’s of Attracting Investors to Your Startup (readwriteweb.com)
- Courtesy and Tact Can Go a Long Way for Startups (readwriteweb.com)
- Equity vs. Convertible Debt: VCs Debate Shifting Investment Trends (readwriteweb.com)
- The Startup Financing Dating Game: Courting Potential Investors (readwriteweb.com)
- What A Double-Dip Recession Would Mean For Venture Capital (voices.allthingsd.com)
- Beware of the CEO conference addict (finance.fortune.cnn.com)
- Techie Alert – A Suster Blockbuster! (laf.ee)
- What to Read Today: Mark Suster On the Future of TV (newteevee.com)
- The Web is Not DEAD…Just on the Ropes..Interview with Mark Suster (howardlindzon.com)