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Examples
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Tied at the hip, VC's and entrepreneurs take large risks together.
Steve Blank: How To Deal With A Bad Board Member Steve Blank 2011
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VC's invest in startups with minimal tangible assets and no certainty about the product's viability, market size or customer adoption.
Steve Blank: How To Deal With A Bad Board Member Steve Blank 2011
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VC's can also provide a ton of experience/connections for follow-on financing, sale of the company, and going public.
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"Great VC's in brand-name firms don't have these problems" is the line I hear.
Steve Blank: How To Deal With A Bad Board Member Steve Blank 2011
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I get along great with one of the VC's, but the other one, Bob, is making my life miserable.
Steve Blank: How To Deal With A Bad Board Member Steve Blank 2011
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I asked him what he thought about my position on bootstrapping and VC's.
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The VC's connections or experience have had major impact on success.
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Sundance has its own set of angels and VC's holding court on the streets of Park City, but most of these people aren't getting 2 and 20 2% management fee and 20% of profits to make bets.
Marc Ruxin: Why Sundance and Its Filmmakers Resemble Silicon Valley and Its Entrepreneurs Marc Ruxin 2011
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I have lots of friends I admire who are either VC's or entrepreneurs in VC-funded companies.
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If firms believe that VC's always act responsibly and the problems are always with the founders, they don't need to worry about bad board member behavior.
Steve Blank: How To Deal With A Bad Board Member Steve Blank 2011
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