Re:Do VCs really add value? Founders say sometimes
by WalterSear on Monday June 11, 2018 @12:56PM
(#17286108)
I was part of a YC company that died due to our CEO following well meaning, but bad advice from VCs and advisors - it was a consumer technology play, but all the
advisors had made their money opening online shopfronts. So, we burnt time trying to find consumers, and the product and service languished.
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Re:Do VCs really add value? Founders say sometimes
by ScottBurson on Tuesday June 12, 2018 @12:11AM
(#17290657)
I suspect it's mostly not a matter of some VC/advisors being good and others being harmful across the board, but rather the appropriateness of a particular VC/advisor for a particular business. The Dunning-Kruger effect is probably very much in play: someone who has been successful with one kind of business may tend to overgeneralize the applicability of what they learned.