One of entrepreneurs’ favorite pastimes is complaining about venture capitalists (VCs). (Incidentally, I’m fairly sure the reverse holds true for VCs, but I won’t put words in their mouths.) Although some of this is understandable (raising money is extremely hard and can be a frustrating process), I’ve often thought it’s in bad taste and just plain stupid.
I agree with Jeff Bussbang — too many entrepreneurs play the VC blame game. This is when an entrepreneur complains about a VC’s incompetence, because they didn’t agree to fund the entrepreneur’s startup. I understand the frustration, and you can be sure all VCs aren’t created equal, but the more you play the blame game, and openly complain about VCs while still trying to raise money from them the harder you’ll find it.
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