For today's note, I don't have to do any work ... I refer you to a great post on the TEDfellows blog entitled In Social Enterprise force yourself to be an entrepreneur first. The VC:VC relevance is obvious from the title. The writer, Peter Haas, lists 10 rules including
- Clearly define what you do and stick with it
- It costs more than you expect, get more than you need
It is not a long article - and worth the read.