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Christopher Comella
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People see things how they want to see them. In this case, Dave is really "talking his book," as they say. He is conflicted and has a vested interest in defending his interest. Not that there's anything wrong with that, it's natural response when someone has something to lose, but these people (anyone in the VC food chain) are totally conflicted. How do I know? I used to be in the biz. Bottom line, most founders and startups are better off bootstrapping and positioning for an early exit than chasing VCs. Let the VCs chase them. Only reason you should take VC money is if you don't need it, if you can drive the deal.