David Lu (@davidjlu (https://twitter.com/davidjlu_)) is an up & coming venture capitalist based in Sydney and Singapore, who is constantly traveling the world on the hunt for great investments. He is a Partner @256 Ventures, a global cryptocurrency VC fund, investing in a portfolio of diversified digital assets. Previously, David founded Australia’s first student VC called, Textbook ventures. He also regularly writes academic papers around the topics of entrepreneurial ecosystems, startup roadmaps and early-stage fundraising. Forbes wrote an article about David with the title “Why Being A Young Investment Partner Isn't Always A Good Thing”. Please follow me on Instagram (https://www.instagram.com/remokyburz/), Twitter (https://twitter.com/TheRemoKyburz), and my Website (http://www.leaptakers.com/), where I post new episodes, share cool stuff & interesting articles I found, blog occasionally, and provide glimpses into my life!Show notes:02:50 -- How David got into Venture Capital07:32 -- Resources for getting started with learning about Venture Capital & deciding what knowledge is relevant for your portfolio companies11:45 -- David’s story of how he got started with Australia’s first student VC fund - Textbook Ventures. + How one of his successful investments led him to crypto. 16:20 -- David’s learnings from starting a Venture business (“Think in default scenarios”)19:25 -- How do you react to things not going well when you grow your business + How creativity and thinking about the purpose of their fund helped Textbook Ventures to pivot 25:40 -- Riskiness of startup investing and how seed & pre-seed investing is the best way to build a relationship with promising founders28:40 -- How VC is all about the people and how you make them feel30:10 -- David’s investment criteria33:14 -- David’s best investment to date35:02 -- Unusual hobbies of David36:43 -- Favorite books38:05 -- Personal advisory board40:18 -- Advice to younger self & anyoneResources mentioned:* Venture Deals - Brad Feld (https://www.amazon.de/gp/product/1119259754/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=remokyburz-21&creative=6742&linkCode=as2&creativeASIN=1119259754&linkId=f156d3fae5625913988a1a50c4370f77)* Harry Stebbings - The Twenty Minute VC (http://www.thetwentyminutevc.com/)* Fred Wilson Blog - USV (https://avc.com/)* Elad Gil Blog (http://blog.eladgil.com/)* The Lean Startup - Eric Ries (https://www.amazon.de/gp/product/1524762407/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=remokyburz-21&creative=6742&linkCode=as2&creativeASIN=1524762407&linkId=f3f66389207f24a5fbb5a4de00cd74dc)* Finite and Infinite Games - James Carse (https://www.amazon.de/gp/product/1476731713/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=remokyburz-21&creative=6742&linkCode=as2&creativeASIN=1476731713&linkId=a0bd8306716a2057091da59af48516cc)* 256 Ventures (https://www.256.ventures/)* Textbook Ventures (https://textbook.ventures/)* Virgil Capital (https://www.virgilcap.com/)If you're enjoying the podcast, the best way to support the show is by leaving a review on iTunes (https://podcasts.apple.com/ch/podcast/the-leap-takers-podcast/id1468975811?l=en) or your favorite podcast app. Special Guest: David Lu.