My first job out of college was as an analyst for a mid-level VC firm, and it is through that experience that I can whole-heartedly agree with you. Admittedly,

My first job out of college was as an analyst for a mid-level VC firm, and it is through that experience that I can whole-heartedly agree with you. Admittedly, I was just doing basic filtering of business plan submissions and validation of market and technology claims...but I had an up close and personal interaction with the partners of the firm as well as partners at other firms. Three things in particular stand out to me: * Most of them have had one success as an entrepreneur, and somehow think that everything that applied to their one success also automatically applies to every other company on the planet. This makes their "advice" almost completely worthless. * Most of them have absolutely monstruous egos. One of our partners would start every meeting with the founders of a potential investment with "Well, you've got two founding partners of a $200M investment fund sitting here with you, let's not waste any time". They literally treat everybody like it is a privilege to just be in their presence. * The incredibly vast majority of them are sheep...they refuse to lead rounds, and only commit to "maybe" decisions just to not lose out in case some other VC decides to jump the gun. They talk a big talk about taking big risks, but almost all of their decisions are "we will if you will", because they don't want to be the only one that investors can point at when something bombs. There are exceptions to each of those points, BTW...but I've never met one that was an exception to all of them. And consequently, I can't help but roll my eyes whenever one of them decides to spread their "wisdom".