I'm going on hearsay here, but I've heard one of the problems is that, even though no one will admit to kicking people when they're down, a lot of VCs look at y

I'm going on hearsay here, but I've heard one of the problems is that, even though no one will admit to kicking people when they're down, a lot of VCs look at you as a second-class citizen if you haven't completed an exit yet.