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Path to Venture Capital
- After Harvard and business school, Jim explored manufacturing and consulting before discovering venture capital.
- He worked on Wall Street, at Citicorp's venture group, and co-founded Adler & Company before Accel.
Specialization in Tech
- Accel's initial vision was to specialize in tech, focusing on telecom and software.
- This was a contrarian approach at the time, as software was not seen as a strong investment area.
Prepared Mind
- Develop a "prepared mind" by deeply understanding your industry.
- Don't make investment decisions about industries you know nothing about.