It’s generally accepted that VCs know what they’re doing. They present themselves as supportive experts to founders.
However, if you look at the backgrounds of VC investors a huge 48.3% came from a finance background and 16.6% from management consulting firms or a senior corporate environment.
VCs are often seen as founder friendly for many startups. Founders listen intently to VCs for advice, but can VCs give good advice if they’ve never had the experience of running a startup?
We think there is a great community of founders, angel investors and others, such as Quantico; who have direct experience of running high growth startups and can give empathetic advice. Do reach out to a wider network and don’t take VC advice at face value.