VC LARPing

"Why do VCs want you to give them a board seat? So that they can use that power to make decisions that serve the interest of the VC, in opposition to the interests of the founder, and even in opposition to the interests of the company." -- this is true

As much as I enjoy this article, low-end VCs are an enormous drag on a company, board seat or not. Constant bad ideas, short-term thinking, focused on how the business "appears" rather than performs, because they're in the optics and ego game rather than producing returns for their LPs.

Choosing very carefully who you let into the circle that is your company is one of the most important decisions you ever make.

Taking money for pure prestige of the firm, rather than an aligned and intelligent GP for the deal, or for highest valuation that has a 1-2% total dilution difference, is a bad idea given they can subtract way more than that by being a terrible investor.

(The best VCs like Founders Fund just admit they add no value, which saves you the worry of too much meddling from those who, very mistakenly, think they can.)

VC advice is worth ~$37, i.e. the cost of two cocktails, including tax and tip.