Why Are Entrepreneurs So Angry At VCs?
Earlier this week I attended a meeting of the Village Ventures network, which is a group of small regionally-focused and/or sector-focused VC funds. Groups like Borealis Ventures, Greycroft Partners, Inflexion Partners, Point Judith, Highway 12 Ventures, Village Ventures itself and others. Much appreciation to them for having me. One thing I discussed with a bunch of attendees – mostly VCs, but also a few CEOs – was this issue of entrepreneurial animosity toward venture capitalists. Almost a sense of glee (schadenfreude?) that the “VC model is broken.” Most of this animosity has been made public via blogs, and perhaps it has been long-latent without such an easily-accessible bullhorn (just read through year’s old comments on TheFunded). But some of the folks I spoke with think that
