With picking VCs, an underestimated fact is if you go with a slightly more seasoned investor they might be able to prevent you from doing something that kills you (based on past experience)

But if they over-rotate on that sometimes it’s their reaction that kills you instead

It’s still ultimately up to the founder to make the call, and sometimes it involves taking the advice and sometimes it means ignoring it

Founders should generally maintain board control so it remains their choice. If you have it, make the call and take responsibility.

The best outcomes for startups happen  when the founder is intellectually honest, knows the customer, holds their team accountable and does what they know is right, and most importantly IS right

Companies run by outsiders or your board are doomed to a mediocre outcome. Founder run companies do a lot better.

It’s the strangest and one of the sadder things to me when founders slink off after a small secondary. This is much more common than you might think.