In any industry where individuals serve as professional fiduciaries, there are typically degree programs, mandated training, certification, continuing education, and oversight. This includes diverse fields like medicine, law, accounting, real estate, and so on.
But not so in venture capital and private equity, which remain a “Wild West” where rule-breaking is a foundational principle. This philosophy can have enormous psychological benefits to entrepreneurs, who are often trying to accomplish what can seem impossible. By liberating themselves from the idea that things must remain the way they have always been, entrepreneurs take risks, challenge the status quo, and can even change the world.
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