Chris Burch, the successful developer of the Burch Creative Capital venture capital company, recently discussed ways in which young professionals can begin a career in the venture capital industry. The businessman shared the fact that he is constantly bombarded with questions from young professionals regarding the true nature of the venture capital industry and the fastest ways to become a viable contender in that industry. Chris Burch has therefore given a brief statement to discuss the best ways for interested parties to develop and cultivate and sustainable career as a venture capitalist. During his discussion, Chris Burch stated that future venture capitalists should develop careers as entrepreneurs, build relationship within the business community, and share their knowledge of the industry with aspiring entrepreneurs.
Developing Entrepreneurial Careers
Chris Burch stated that the first major step toward becoming a venture capitalist is to become the owner of a business. This advise is quite an innovation in the venture capitalism arena. 50 years ago, future venture capitalists would have been advised to become bankers to develop relationships with the banking industry if they wanted to become venture capitalists. The current trend, however, involves businessmen who have already made a name for themselves through the success of their own personal businesses which they have built from the ground up. After having worked long and hard to develop a business and experiencing the effort and commitment that entrepreneurship entails, businessman are able to adequately choose other businessmen who possess the skills needed to successfully build a company and make wise investments in those businesses. For this reason, Burch suggests that future venture capitalists first become successful entrepreneurs.
Building Relationships Within the Business Community
Chris Burch also discussed the need for future venture capitalists to build relationships within the business community. As an entrepreneur, it is important for businessmen to reach out to others who are experiencing the same life challenges. By building relationships with other entrepreneurs, businessmen can create lifelong friendships and connections that will come in handy in the venture capital industry.
Sharing Knowledge With Aspiring Entrepreneurs
Chris Burch also emphasized the necessity for successful entrepreneurs to share their knowledge and skill with aspiring entrepreneurs. Burch stated that venture capitalism allows entrepreneurs to experience a full-circle career by making financial investments in start-ups that will possibly become iconic. The businessman stated that venture capitalists must not forget to also invest in the building of the entrepreneur’s character and must not forget to share his own experiences with newcomers to the business.