VCs Are Not The Bad Guys
Ok, I know what you are telling yourself. “This guy has sold out.” “He’s turned to the dark side.” “The VCs have secretly taken over the blog!!!”
I understand your initial reaction but take some deep breaths and relax. I have lost count of the number of times fellow entrepreneurs have moaned, bitched and complained about VCs. I never was so hard on them. My college degree was in Accounting and Finance so somewhere in my subconscious I held a little bit of sympathy for the VC community. I understand that they seem arrogant, self righteous, and egotistical to someone from a technical engineering/scientific background. Sorry, can I rephrase that? – They seem arrogant to most human beings. However, it’s not their fault. It’s the position that they are in.
Look, their responsibility is to subscribers of the fund. The people who put money into the VC fund. They must maximize the return for these people. As a result, it’s only ethical that they are so hard on entrepreneurs. On top of this, let’s face it, entrepreneurs can be annoying. We can seem arrogant, self righteous, and egotistical to VCs. Venture Capitalists are also scared because the World’s oxegen supply is being diminished right before their eyes by the thousands of 80+ page business plans that come in the mail ever year.
You see, they are not in the business of being nice. That doesn’t make them bad people. In fact, if you show a VC a little bit of love who knows they might even invest!
