> I think a lot of VCs explicitly (or at least implicitly) prescribe > to Warren Buffet's advice of only investing in things they > understand. This is very

> I think a lot of VCs explicitly (or at least implicitly) prescribe > to Warren Buffet's advice of only investing in things they > understand. This is very very true. And entrepreneurs MUST not take money from VCs who do not understand the market. Sadly sometimes VCs think they do know but they actually don't know what they don't know. The worst marriage is when both entrepreneur and investor don't know what they don't know.