Many people are intrigued by venture capital, but few outside the industry really understand what VCs do. Why? There are only a few thousand VCs, information has been closely held, and some of the practices are counterintuitive. Here’s a thread on VC in layman’s terms 📝

For most people, the pain of losing $100 is much greater than the joy of gaining $100. We are wired to be loss adverse. Working in VC trains you differently. Because the wins can be so large, you become more focused on potential upside than any money lost while investing.