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daily articles for founders

VCs are not your friends  

A good story and a good point, as is usual from Steve Blank, with the points neatly summarised at the end:

  • You see one VC, they see 20 CEO’s
  • Don’t confuse your business with your VC’s business
  • Your interests are aligned if you both see the same path to liquidity
  • Don’t confuse being friendly with your VC’s with VC’s as your friend
More from the library:
How to fire an executive
Don't solve problems that you don't have
Investor tricks to mess with valuations
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