Lessons Learned: Bob Grady on entrepreneurship

Bob Grady heads up Carlyle's U.S. venture and growth capita group, called Carlyle Venture Partners. Carlyle's global venture and growth capital effort has over $3.5 billion under management in nine funds. To that end, Bob has some pretty good advice for entrepreneurs. He offers three lessons: Know your market, select your venture capitalists wisely, and recruit the best people you can find.