Joel Spolsky has
some
insightful things to say about venture capital,
caveats to entrepreneurs. It's easy to read the article as just saying
"VC is evil" but I think it is more subtle. Good information for naive
technologists. Be sure to read the
response from a VC blog, too.
One thing that was frustrating when I started my company was how little information there was about the VC industry. I had a few friends, colleagues, and angels who gave good advice. But there was a shortage of open conversation. Maybe blogs will open that up; Venture Blog, from some of the folks at August Capital, is remarkably frank.
As seen on Venture Blog
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