Learning notes from this episode:

• Venture capitalists are investors in startups, but they also have to raise money from investors. Investors that invest into VC funds are called Limited Partners, or LPs.
• VCs have to spend time growing their brand and network because the competition to invest in good startups is fierce.
• Getting operational experience in a start-up is invaluable if you want to become a good venture investor, so either work in a start-up or advise several before getting into VC.

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