Ah VC’s. I used to want to be a VC.

It sounded great when I first heard of the concept. You give money to startups and watch them succeed!

Man was I wrong.

3 Day Startup was the first time I could interact face to face with VC’s. Our startup had an awesome idea, the Facebook developers who came from California loved it, but the VC’s didn’t. Why? No direct profitability. In the end, VC’s are in it to profit. Over the summer at NYSE I’ve heard nasty things about VC’s in the 90’s (during the first tech bubble).

But alas, entrepreneurs must face reality. Not everybody will get a big sack of money from Peter Thiel, at one point or another we will face the VC’s. No matter how good the idea, its all about money in the end.

That’s just my two cents on the issue.