Why Investment Firms Are Hunting for 'The Hedgehogs'
Why Investment Firms Are Hunting for 'The Hedgehogs'
Focus Over Possibilities | Altos Ventures, Tae Yoon
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Nov 25 2024
Sooyoung Rhee
Sooyoung Rhee
Hi Everyone, this is Sooyoung from EO. Dreams are universal, but what truly matters is how to turn them into reality. Startups embody this transformation—bringing bold ideas to life through people, products, and customers, creating real impact. And behind every trial, there is an undeniable key driver: capital. In this article, we explore Altos Ventures, a Silicon Valley firm founded in 1996, known for backing visionary startups like Roblox, Toss, and Coupang. We spoke with Partner Tae to learn how Altos selects founders, do’s and don’ts for entrepreneurs, and the future they envision through their investments. If you’re striving to turn ambition into action, this article is for you.
SUMMARY
1. Keen Opinions, Yet Flexible Mindset. Hold a bold vision and project your imagination, but always stay open to new directions. Founders with this balance of conviction and adaptability are the ones investors find most compelling. 2. Stay Low, Aim High, Let Compounding Work. It's natural for startups to succeed in their latter years because that's how compounding works. Be patient and allow synergy to build, but don't forget there's also a possibility of failure. 3. Founders and Partners, Like Parents and Teachers. No partner understands a company better than its founders. However, most founders haven’t observed as many companies as their partners have. Focus on building a symbiotic relationship and pursuing a shared bigger vision.
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Nov 25 2024
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Sooyoung Rhee