I've grown more and more disillusioned with VC over time. In my mind, there is a fundamental incentive misalignment between venture capitalists and founders. A

I've grown more and more disillusioned with VC over time. In my mind, there is a fundamental incentive misalignment between venture capitalists and founders. As the article mentioned, the VC business model is to look for the 100x return, so they will encourage/force founders to make high-risk/high-reward decisions. However, a smaller exit could be life-changing for a founder. While VCs have a portfolio of investments such that the big wins offset the losses, as a founder you only have one company and one life. You're not diversified, making the downside risk much higher, especially if you're spending 5+ years of your life working on a company that you're emotionally invested in. John Mackey, founder of Whole Foods, has a great quote on this: “Venture capitalists are like hitchhikers with credit cards. As long as you take them where they want to go, they’ll pay for the gas. If not, they take over the car and throw you out.”