Are your own feelings about money getting in your way of being a great investor?
"Invest as if the money were your own"
is an antiquated and limiting concept,
yet many investors cling to this principle.
Your fund exists because your LPs are looking for best in class exposure to the asset class you've identified as your competitive edge.
Your fund has recruited the best athletes, you LPs have made the decision to support your team, and now it's on you to take shots on goal.
Investing according to your own fears and needs gets in the way of serving your client. It becomes about you, rather than the audience you're serving.
They've put the money behind your team because they want exposure to the sector. If they believe the investment case is no longer compelling, they'll let you know.
In the interim, it's your job to take consistent shots on goal subject to your judgment developed from your cumulative niche experience.
How often do you hold back or kill a deal due to your own worries?
There's a delicate balance between being Chief Skeptic and person who sloppily prints deals. How are you finding this balance?