Some people hate venture capitalist.
I spent 40 years dealing and not dealing with VC's on various biotechnology projects. Like every other profession there are those that do it well, and those who are totally incompetent. We constantly run into to VC's overburdened with new MBA's tattooed with the latest financial software, who don't have a real clue, sufficient background to see those who do - about the technical workings of the businesses they are steering investors into - or away from. As venture capitalist have blossomed in recent decades the number of incompetents have grown disproportionately to their totals - and their lack of success rates show it. All in all, people have good reasons "hating" their individual incompetence and being skeptical of them unless their consistent successful performance has proven otherwise. In addition VC's only want to invest in mature and already profitable businesses (formerly the bankers domain) few are funding start-ups. That has left a huge gap in business development and our (US) current economic status is proof of the lack of economic seeding that has taken place in recent decades. Crowd funding is evolving, eventually it will involve right back to small investors funding start-ups, just as they did before the US gov./SEC killed that process. Nothing matures any investor like being accurately able to access real risk to an enterprise. Making risk taking illegal, hurts both the investor's development process and the entrepreneurs ability to build businesses.
