> I generally think it’s helpful for founders who take VC money to understand the business of their investors because it impacts their incentives and how they s

> I generally think it’s helpful for founders who take VC money to understand the business of their investors because it impacts their incentives and how they see the world. If you're anywhere in the startup ecosystem, it's helpful to know venture mechanics. If you're a VC it's essential since yours and your LPs paycheck are on the line. However if you a founder, a would-be founder, maybe even a senior engineer, ..., it's necessary to understand where your VC is coming from and what the term sheet means. This is necessary before you get a term sheet. There's a lot of information out there now that didn't used to be out there. You can find out that Shaquille O'Neal, Tiger Woods, Arnold Schwarzenegger and Henry Kissinger were in on the A round for Google. I don't know if that's useful information. But it's out there. https://www.crunchbase.com/search/principal.investors/field/funding_round.has_funding_round.forward/num_investors/google-series-a--6c4715f9 https://www.crunchbase.com/search/principal.investors/field/... There are a lot more startups and a lot more investors, VCs and angels. Maybe 30 years ago, this was backroom stuff between founders, investors and their lawyers. It isn't anymore.