While VC’s have become our favorite punching bags, it is important for entrepreneurs to understand that VC’s are “agents” no different than any other agent who gets a cut on the transaction. Whereas we are expected to put in our body-and-soul and our angel investors to invest their own cash, VC is all about making use of someone else’s money. So unlike us, VC’s financial interest is coupled with their professional interest, i.e., their career WILL come before ours. If they are not a partner of their firm, their personal goal is to make partner and if they are not a managing partner, then their focus is on raising the next fund and becoming managing partner.<p>They are not evil. They are simply an agent with different set of priorities.