This week’s guest comes to us from Hyde Park Venture Partners. Guy Turner is the co-founder and Managing Director of the Chicago-based venture fund. As with any VC relationship, success is based on collaboration between investors and companies, working in tandem as a team. As both an entrepreneur and an investor, Guy has a unique perspective on the VC ecosystem. Take a look at a few of his insights and predictions:
Tenacity, openness to opinions & ability to attract talent go a long way to being a successful entrepreneur.
You don’t have to be considered a “unicorn” to be successful. The point is to build a great business, not hit a specific valuation.
Two types of startups do particularly well: Small, young companies who work hard and have real experience in their industry and serial entrepreneurs who have the knowledge coupled with the expertise.
- It's a team effort: Companies do best with a checks-and-balances system stemming from multiple founders and investor funds vs. a solo founder and one large investment round.
Learn more about FarmLogs, the portfolio team Guy introduces at 3:06.
Interested to see what other companies are a part of Hyde Park Ventures portfolio? Take a look.
How do VC's feel about raising money? Listen to what Guy has to say around minute 23 and check out this post.
Connect with Guy