The importance of deciding which advice to accept
When I give our founders advice I always try and communicate how much depth I have in the subject matter. I believe there is a huge difference in the efficacy of advice based solely on gut feel versus a subject matter I have deep experience in.
It annoys me when VC’s give strong advice in areas they don’t know much about. I see this all the time. It’s very dangerous and counterproductive.
One of the most important skills for founders is deciding which advice to follow, if any. In most cases their investors and advisors will give them an array of advice that often contradicts each other. Founders must weigh these as inputs and then decide for themselves what is the best path forward. The best founders we’ve worked with over the last 7 years almost always display this skill.