Success gives you a platform for further success - suddenly everybody wants to work with you, and your opportunities and possibilities open up. But at the same time, success is also immensely challenging - it ultimately often creates pride, stubbornness, and sloppiness that beget failure, taking down people and organizations.

Inasmuch as there is a useful purpose to what we do as VCs, I tend to think it's our duty not only to mentor entrepreneurs and executive teams, but also to learn from them and the others involved. We can then pass on lessons to aid the startup ecosystem and help businesses succeed and grow their impact.

One of the fun things about venture capital is you are constantly learning new ideas and strategies from one business and then applying them to others.

Joe Lonsdale Quotes