A robust venture capital industry is one of the pillars of the today's tech boom, because it provides the funding for new companies to grow. But "venture capital is not a job for everyone," says venture investor Dr Itxaso del Palacio in this week's episode.

Itxaso is a leading venture capitalist. She launched Microsoft Ventures in Europe and is Partner at Notion Capital today. She also teaches Entrepreneurial Finance at the MSc Technology Entrepreneurship at University College London.

Learning notes from this episode:

• "Venture capital is mostly transactional. Founders operate the companies, and we can advise and suggest what to do but we don't operate the companies," says Itxaso.
• Corporate venture arms are very different to VC funds and the incentives within them differ. For example, people in traditional VCs benefit financially if a company they invest in becomes a unicorn. This is often not the case in corporate venture divisions.
• People do not usually begin careers in venture capital straight out of college, but transition into them from something else.
• The Kauffman Fellowship program is an education program for venture capitalists. Itxaso said it benefitted her career hugely.

Do you have a brilliant app idea and no tech knowledge to build it? Get your FREE guide here.

To go deeper, join the Tech for Non-Techies membership community. As a community member, you'll get:

• Weekly live masterclasses with global experts
• Mini-course on how to go from idea to live app
• Supportive Online Community
• Library of masterclasses
• Monthly live coaching with Sophia Matveeva, tech entrepreneur & Chicago Booth MBA
• Exclusive Resources & Perks

Learn more and sign up at https://www.techfornontechies.co/membership

Say hi to Sophia on Twitter.

Following us on Facebook and Instagram will make you smarter.