What work is for an investor and an entrepreneur are quite different.
As PG says entrepreneurs should "Live in the future, then build what’s missing."
Investors allocate capital to what will be more valuable in the future: whether it is something that is missing now or whether it is something that will simply continue to grow in value.
Venture Capital is an interesting middle ground because not only do you allocate capital but you also assist the companies in creating value and you have to compete to be able to invest in the most promising companies. By blogging well you are building your brand and this will help you meet great entrepreneurs and increase your ability to have access to invest in their companies. Of course your reputation will mainly be based on the track record of your investments and how much you help the founders you work with but writing well and having it consistently on top of hacker news helps.
Plus, your writing helps clarify your thoughts and provides you with useful feedback which can help you refine your investment thesis.
Warren Buffett has said he spends 80% of his days reading and 20% talking on the phone. He only has needed one good idea per year to be the best investor of all time. His schedule doesn't sound like work to most people but it clearly has worked well.
I don't know much about his origins, but surely that's not how he used his time when he was getting started, is it?
I'm guessing his work activities were far more conventional (though still well selected) and only after building wealth did his time allocation change.
As PG says entrepreneurs should "Live in the future, then build what’s missing."
Investors allocate capital to what will be more valuable in the future: whether it is something that is missing now or whether it is something that will simply continue to grow in value.
Venture Capital is an interesting middle ground because not only do you allocate capital but you also assist the companies in creating value and you have to compete to be able to invest in the most promising companies. By blogging well you are building your brand and this will help you meet great entrepreneurs and increase your ability to have access to invest in their companies. Of course your reputation will mainly be based on the track record of your investments and how much you help the founders you work with but writing well and having it consistently on top of hacker news helps.
Plus, your writing helps clarify your thoughts and provides you with useful feedback which can help you refine your investment thesis.
Warren Buffett has said he spends 80% of his days reading and 20% talking on the phone. He only has needed one good idea per year to be the best investor of all time. His schedule doesn't sound like work to most people but it clearly has worked well.