What’s The One Type Of VC You Should Never, Ever Take Money From?
It amazing how like every industry, Venture Capitalists can be broken into three groups:
A. The really great VCs. This is about 20% of the population of VCs.
B. The good to mediocre VCs. This is the majority of the population of VCs; about 60% in my experience.
C. The really, really bad VCs. This is about 20% of the population of VCs.
You’re in great shape if you end up working with a great VC or even a good to mediocre VC. This group of VCs will at least be supportive of your company.
Now, let explain what I mean by really, really bad VC. A really, really bad VC is someone that screws over entrepreneurs.
The really, really bad VC might be quite successful. Indeed, many are quite successful. However, from an entrepreneurs standpoint, working with a really, really bad VC can be like playing with fire, especially if the VC is a brilliant jerk (more on this later).
Your job as a founder is to avoid at all costs the really, really bad VCs.
Really, really bad VCs come in different flavors:
