Perspective, Pontification and Propoganda about Entrepreneurship and Venture Capital, brought to you by David Hornik of August Capital.

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Sounds like a great class, David. I would've loved to taken something like that in law school. Another close legal analog to entrepreneurship would be the use of precedent deals in transactional legal work (i.e., this deal is similar to that one, so it should be structured similarly).

While the analytical side of entrepreneurship might be similar to parts of legal practice, I wonder if you had any thoughts on common weaknesses that lawyers have in building businesses. I know several people who have worked with lawyers who have moved into non-legal careers (e.g., management consulting), and their common complaints were these people were often overly detail-oriented, had trouble focusing on the big picture, or were overly risk averse. Of course, everyone is different -- I'm sure you would've had serious trouble moving into the VC industry if you suffered from those problems. But what have been your general experiences working with practicing lawyers or former lawyers who take on non-legal roles?

Don

Wow - 'interdisciplinary' studies - there is hope in the youth of America yet...and for venture capital!

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