PGs take on why early stage VCs gain so much experience reminds me of my opinions on why car sales is the best sales experience. I sold cars for almost a decade and was pretty good at it averaging 30 cars a month. That means every year I helped people sign for $16 million of products. In the end I probably sold 3000 cars for over $100 million. (Note, I stayed in it way too long. I think most of these benefits would c…
In my experience[1], interacting with the salesperson and agreeing on the cars' price is about 25% of the sale process (and hassle). The salesperson nails down price, model/unit, with the customer, which already involves all manner of sleazy games on pricing. After the "sale", there's a much longer gauntlet of pitfalls and traps to navigate: extended warranties, add-ons (roof racks, floor mats, etc...), financing, tr…
I would sometimes fill in for finance on a rainy day, and even though I was top 0.3% in the country when it came to car sales, I Couldn't sell that garbage even with a gun pointed at me. I just can't lie like that.