I'm disappointed you got downvoted for this, because I think it's a legitimate viewpoint.
I actually showed this article to a few VC friends in draft form for feedback. I got mostly positive comments, with one person who was upset at the "golf games" wisecrack (to be fair - that comment was born of a very specific, very frustrating experience with one person). I think an important point of context is that I've raised money from 6+ funds, work closely with many VCs, and count several of them as friends.
"Otherizing" is a legitimate point of criticism for general social discourse. But this article had a very specific goal: to take a number of widely-seen behaviors, and explain them in economic terms. I used light language to do that, but I think it's a crucial point of understanding that most entrepreneurs lack. In fact, I think much of the criticism of VCs is born from a misunderstanding of what they're about.
So while you're right that we're all human beings who can live in harmony together, I think there's more useful analysis past "they're entrepreneurs too".
And I think if most entrepreneurs sit down with VCs, they'll have better things to talk to them about than fund structures and carry terms. I'm just weird in that I find that stuff fascinating!
I actually showed this article to a few VC friends in draft form for feedback. I got mostly positive comments, with one person who was upset at the "golf games" wisecrack (to be fair - that comment was born of a very specific, very frustrating experience with one person). I think an important point of context is that I've raised money from 6+ funds, work closely with many VCs, and count several of them as friends.
"Otherizing" is a legitimate point of criticism for general social discourse. But this article had a very specific goal: to take a number of widely-seen behaviors, and explain them in economic terms. I used light language to do that, but I think it's a crucial point of understanding that most entrepreneurs lack. In fact, I think much of the criticism of VCs is born from a misunderstanding of what they're about.
So while you're right that we're all human beings who can live in harmony together, I think there's more useful analysis past "they're entrepreneurs too".
And I think if most entrepreneurs sit down with VCs, they'll have better things to talk to them about than fund structures and carry terms. I'm just weird in that I find that stuff fascinating!