Seth Godin needs no introduction. The man's brilliant, and one of my favorite bloggers. His blog is a must for every entrepreneur.
This post says probably what we all found out when raising funds from VCs. Many truths, looking right at you without blinking.
I'll just add one more conditions to Seth's list:
- Venture capital funds hate to lose money. Not only is (most of) the money not theirs to lose, but usually someone gets fired when these things happen. So they'll do their best so it won't happen.
Also - this is Seth's 2,000th post - congrats! Don't ever stop making us all look bad.