Investing has long been shrouded in mystery for many, but for Dale W. Wood, investing is in his very nature. The serial investor founded a company with the sole purpose of investing inbudding entrepreneurs and stellar ideas. One recent investment, through his firm Dale Ventures, gave a groundbreaking company the money needed to launch what has become one of the leading software licensing and delivery models for the insurance field in Europe.
Dale Ventures may have invested $1 million into the company, but Wood says the key to successful investing is to not put all of your eggs in one basket. Dale Ventures has stakes in a number of companies scattered across the globe and across industries, including real estate, technology, media, and, of course, business services. The firm has continued to steadily invest in world-changing ideas – even at the height of the COVID-19 pandemic – because “good ideas don’t simply stop… In harsh conditions, only the best ideas come to fruition,” Wood said.
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When asked about one of the common mistakes that new entrepreneurs make, Wood simply replied, “Looking for deep pockets is not enough. You can have millionaires pouring money into your company, but the fact is that if the investor doesn’t care enough for your product and all they are looking for is a return on their investment – then it’s not a sustainable model.”
Venture capitalists don’t just throw money into ideas they think could work, they need to nurture ideas and grow leaders. Many investors are industry experts in their own right, and failing to offer valuable insight into how a company can grow may be all it takes to doom it from the start. Dale W. Wood has a knack for recognizing talent and helping it to grow. This natural instinct sets him apart from someone who simply knows a good idea when they hear one. It is one thing to recognize potential, but it’s quite another to guide it on its way to becoming a sustainable business that can profit in the long run and benefit the community it was designed for.
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“When people ask me what’s the limit, I tell them there is no limit. You are the only limit. There is no idea too small, or budget too big if you believe in your product. But this is where people often get confused – just because someone believes in something doesn’t make it great. Oftentimes, people forget to consider the current market and the state of the world. “Did you think that the greatest inventors of our time were hailed as geniuses in their generation? Being overly futuristic can be both a burden and a boon. On one hand, future generations can reap the seeds you’ve sown. On the other, your peers might think you fanatical. But everyone starts somewhere.”
Wood is keen to share his vision and thoughts with both his own mentees and the investment community as a whole. This eagerness to nurture entrepreneurs with high potential has paid off in dividends, both from a business perspective and a personal one. By sharing knowledge, guiding the way, and recognizing a path forward, Wood and other passionate mentors are guiding the minds that will bring us the next best big innovation.
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