Venture capital firms never take their own advice. they tell founders that competition is for losers, but they sell an undifferentiated product that is insanely competitive with some of the smartest people in the world they tell founders to have 1 CEO and they have 5 CEOs they tell founders to grow fast and take dilution, but they rarely take dilution they tell founders to go public, but they never go public they tell founders to take low salaries and optimize on equity, but they take insanely high salaries they tell founders to keep expenses low so you can invest in the business, but they pay for private jets out of their fund they tell founders to leverage the company’s strengths and expand, but they keep doing the same exact thing year over year they tell founders that board governance is key, but they have almost no oversight on their firm they tell founders that acquisitions can be accretive, but they never acquire another business they tell the founders that they don’t need new equity compensation after 4 years, but the VCs always give themself more or they stop working