"Sometimes you don't know what you don't know. And frankly, this is a journey that's long, and you'll learn a lot of things along the way. A lot of things, it's the first time you'll be doing that thing. Your job as an entrepreneur is to ultimately listen, then decide, and own that decision.” In this episode, Johnny Hu, Principle at Menlo Ventures, takes us inside his journey from scientist to venture capitalist, revealing how adapting to new mindsets, operational discipline, and calculated risk-taking are crucial in biotech. He breaks down the differences between the lab and the investment world, shares lessons from mentors at Omega Funds, and explains how founder-first investing and clear communication drive his approach at Menlo Ventures. Johnny also explores the challenges of fundraising, the realities of board dynamics, and how AI is reshaping biotech, all while emphasizing the value of curiosity and adaptability in a field defined by complexity and constant change.