Comments on: Risk and The Non-Answer http://www.vcdave.com/2007/05/07/risk-and-the-non-answer/ The latest news from David Feinleib at MDV Thu, 20 Nov 2008 10:00:01 +0000 http://wordpress.org/?v=2.6 By: Nivi http://www.vcdave.com/2007/05/07/risk-and-the-non-answer/#comment-144 Nivi Wed, 09 May 2007 00:46:17 +0000 http://www.vcdave.com/2007/05/07/risk-and-the-non-answer/#comment-144 P.S. I thank Peter Drucker for this formulation of opportunity vs. risk. P.S. I thank Peter Drucker for this formulation of opportunity vs. risk.

]]> By: Nivi http://www.vcdave.com/2007/05/07/risk-and-the-non-answer/#comment-143 Nivi Wed, 09 May 2007 00:44:38 +0000 http://www.vcdave.com/2007/05/07/risk-and-the-non-answer/#comment-143 This is a great blog. So I hope you don't mind if I argue with you a bit. :-) I can't help but think that this focus on risk is backwards. Great entrepreneurs and companies are about opportunity, not risk. Risk is obviously important but the first order of business is opportunity. Entrepreneurs shouldn't "surround themselves with people who remove risk", they should surround themselves with people who capture opportunity. The first order of business for a venture capitalists is not evaluating risk, it is evaluating opportunity. This is a great blog. So I hope you don’t mind if I argue with you a bit. :-)

I can’t help but think that this focus on risk is backwards. Great entrepreneurs and companies are about opportunity, not risk. Risk is obviously important but the first order of business is opportunity.

Entrepreneurs shouldn’t “surround themselves with people who remove risk”, they should surround themselves with people who capture opportunity.

The first order of business for a venture capitalists is not evaluating risk, it is evaluating opportunity.

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