Author: Fred Wilson
Investing in management means building communication systems, business processes, feedback, and routines that let you scale the business and team as efficiently as possible.
One of the great things about young entrepreneurs is that they don't know that something can't be done. So they try something that's so audacious and usually end up pulling it off.
The venture business is a bit of an apprenticeship business, so the firm I worked for didn't let me make an investment until I was 30. That was probably a very smart thing.