Today I had a chance to get to know the entire team at a venture capital fund. I had a great chat with the founding partners, who shared their origin story with me. One of the things that stood out was that it took almost a decade for them to refine their investment strategy and begin to gain material traction. Today the firm has a strong, growing team and strong investment returns.
This firm’s history is another data point reinforcing the fact that overnight successes don’t exist. A lot of time and energy precedes success. Unfortunately, most people aren’t paying attention to the groundwork. The attention usually comes when all the hard work pays off.
If you’re building something great, be ready to spend a material amount of time building it without attention or accolades.