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Why VCs Are Not Your Friends

Why VCs Are Not Your Friends

by Steve Blank | One of the biggest mistakes entrepreneurs make is not understanding the relationship they have with their investors. At times they confuse VCs with their friends. Let’s Go to Lunch At Rocket Science our video game company was struggling. Hubris, bad CEO decisions (mine) and a fundamental lack of understanding that we were in a “hits-based” entertainment business not in a Silicon Valley technology company were slowly killing us. One day I ...

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