Robert Byron
Chairman, Co-CEO, and Co-Founder, Blue Vista Capital ManagementWhat’s A Challenge You Faced Early On?
Early on, having gone to school for all those years, but not really understanding what it meant to practice law and earn a living — not having connected the dots between practicing corporate law and the business or business in practicing law.
There are some inherent challenges in practicing law, which I didn't fully appreciate such as lawyers get paid by the hour. They're only 24 of them in any day, and that wasn't going to change.
Also, lawyers are held to a zero defect standard. If you make a mistake in the real world you, agonize over it, but you ultimately get out your checkbook and try to solve the problem. If a lawyer makes a mistake, the client asks to see your malpractice insurance policy! I knew I was smart enough to be a good lawyer, but I also knew that I was going to make a mistake along the way, and I really didn't want to live with the fear of being sued.
So I slowly gravitated towards the business side and then figured out how to overcome my natural aversion to numbers as it’s necessary to becoming a successful business person. You have to assess risk from a different perspective.