In regards to the last post of learning about being a venture capitalist. It got me thinking about the Warren Buffett quote, "You'll learn more by putting $5k on a futures contract than with a masters in finance." So should you get an MBA or blow $10k on some bad business decisions?
You'll easily spend about $40k on an MBA now and you'll also probably have to sacrifice at least a years worth of work costing you at least another $10k in savings. On top of that, how much will you actually learn?
I went through this same dilemma when trying to decide on law school. Do I spend $100k and sacrifice 3 years of savings (another $100k)? Or do I try to make some mistakes and learn from them? I tried to make some mistakes.
I looked around and noticed real estate. So I delved into knowing little to nothing about it other than the books I had read. So far so good, but nobody truly knows until it's been sold. Ill keep you posted. Regardless of the outcome I've learned a ton. Way more than any masters could have taught me. When it's your own money you pay attention.
So what's next? How about trying to make some mistakes in venture capitalism? Way more complex, way steeper learning curve. Way bigger risk, way bigger return.
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