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Many people say that venture is like gambling. You gamble by putting your money in an uncertain start up. If you go to the lottery and win once I will say that you are lucky but the next week you go back to the lottery and win the jackpot again I will tell you that you have skills. in finance there is a thing calls persistence. Persistence is really rare in the field of finance but there still a corner that has a principal that has been followed many years.

The first principle is that homerun matters, strike outs don’t.

It means that you have to care about how much you gonna make when you succeed in investing rather than how much you will lose when you fail. In order to be succeed, you will have to experiment therefore of course you have to fail. The important things that you have to fail fast, cheaply, and you can do it again as fast as possible. Remember to review your failure and don’t ever make it again.

The second principal is getting outside of the four walls. You can rarely meet venture capitalist inside of a shiny office. They often go out and find potential start ups. Famous venture capitals company in circuit Valley wants have the strategy calls early birds. They often look in the App Store and then see whether whether or not an app rating is increased increase rapidly . And then they will meet the founder of the app and persuade them to that the the capital will invest in their app and then gain the profit.

Once there’s an app called WhatsApp, which skyrocket and dominate the ranking in App Store but the venture capital doesn’t know who is the founder of the app and they only know that the founder lives in the city near near Silicon Valley, in a big city with like 50,000 to 70,000 people. the venture capital have a way to figure it out who is the founder of the app by just walking around the city and knocking the door of every household in the city and finally they could manage to find the founder of WhatsApp and then decide to invest in it. And the rest is history when WhatsApp was later bought by Facebook at $19 billion.