Top Ten Porkies VCs Tell Entrepreneurs

1) We are specialists in your field.

2) We won't ask for an unreasonable percentage of profits.

3) We won't interfere in the day-to-day running of your company.

4) We won't insist on you employing X in position Y.

5) Our funding is guaranteed for X years.

6) You can always get more funding from us.

7) We'll always give you plenty of time to sort out alternative funding.

8) We won't impose an unreasonable contract.

9) We have your interests at heart.

10) We have your company's interests at heart.

Finally; implied, but unspoken: 11) We're Venture Capitalists, not Vulture Capitalists.