The silicon valley startup ecosystem is built around trading money for equity. But, the more entrepreneurial ventures I get involved in, the more I realize that it's not money that most of these companies need. It's advice.
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Besides Y Combinator, are there investors whose primary value proposition is strategic advice over an often unnecessary cash injection?
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I'd say most VC firms offer (or claim to offer) more than just the money. Capital is ample so VC firms try to sell themselves on their networks, knowledge, etc.
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True. I've never taken vc funding but based on my conversations with vcs, many aren't even qualified to give advice (no founding experience), and others just don't. That said, I kinda believe Gurley when he says he does it.
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