VC’s are not your friends, they’re frenemies
Steve Blank
54725

“Show me the money”. “Follow the money”.

WHAT ELSE IS NEW?

This is an instructive tale, but I am shocked that Steve Blank did not recognize the “fiduciary responsibility” of his VC partners, RIGHT FROM THE START!

Big error, BUT NOT THE KEY ERROR.

I noticed the absence in the “Lessons Learned” summary of this lesson:

Don’t start ventures in business areas you know little or nothing about.

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