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	<title>Comments on: In Defense Of Venture Capitalists</title>
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	<link>http://www.highway12ventures.com/2010/04/14/in-defense-of-venture-capitalists/</link>
	<description>A Pioneering Spirit</description>
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		<title>By: Mark Solon</title>
		<link>http://www.highway12ventures.com/2010/04/14/in-defense-of-venture-capitalists/comment-page-1/#comment-5044</link>
		<dc:creator>Mark Solon</dc:creator>
		<pubDate>Tue, 04 May 2010 14:31:52 +0000</pubDate>
		<guid isPermaLink="false">http://www.highway12ventures.com/?p=2233#comment-5044</guid>
		<description>Thanks for the gracious invitation Berislav. I&#039;ve never been to Croatia and the next time I&#039;m on your side of the Atlantic, it would be wonderful to take a side trip to take you up on it! Likewise, if you&#039;re ever in the western US, the invitation is reciprocal! </description>
		<content:encoded><![CDATA[<p>Thanks for the gracious invitation Berislav. I&#039;ve never been to Croatia and the next time I&#039;m on your side of the Atlantic, it would be wonderful to take a side trip to take you up on it! Likewise, if you&#039;re ever in the western US, the invitation is reciprocal!</p>
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		<title>By: Berislav Lopac</title>
		<link>http://www.highway12ventures.com/2010/04/14/in-defense-of-venture-capitalists/comment-page-1/#comment-5042</link>
		<dc:creator>Berislav Lopac</dc:creator>
		<pubDate>Tue, 04 May 2010 12:05:57 +0000</pubDate>
		<guid isPermaLink="false">http://www.highway12ventures.com/?p=2233#comment-5042</guid>
		<description>Thank you for the long reply. I don&#039;t have a problem with you disagreeing with Ben, nor I see his post as the absolute truth -- as always, the devil is in the details. I was simply taking issues with the way you responded, both in your post and before in your emotional reaction. I&#039;ve simply seen too many times this type of a reaction, when someone with a lot of experience finds a newcomer&#039;s comments (or success, sometimes) as inappropriate and &quot;not right&quot;, and I felt that I should warn you not to go there, as i did to others. 
 
And regarding Ben&#039;s post: so you agree that *some* VCs act like he described at *some* times (&quot;a small number&quot;, as you put it). He might have perhaps state more clearly that his observations don&#039;t apply to everyone all the time, but still -- we shouldn&#039;t stifle all criticism in order to protect &quot;the right ones&quot;, since this will only encourage the wrongdoers. 
 
As you know about this part of Europe, than you probably know about the political systems we&#039;ve been through (and some still are); this might be the reason why I&#039;m so sensitive about any apparent censorship I see. :) 
 
In any case, I&#039;ll use this opportunity to invite you to come and see Croatia when you have an opportunity, with the upcoming summer the perfect time; we&#039;ll grab some great local food and talk about Croatian tech startups which are very interesting and with great potential, but unfortunately with a very brief lifespan due to a chronic lack of available seed funding... </description>
		<content:encoded><![CDATA[<p>Thank you for the long reply. I don&#039;t have a problem with you disagreeing with Ben, nor I see his post as the absolute truth &#8212; as always, the devil is in the details. I was simply taking issues with the way you responded, both in your post and before in your emotional reaction. I&#039;ve simply seen too many times this type of a reaction, when someone with a lot of experience finds a newcomer&#039;s comments (or success, sometimes) as inappropriate and &quot;not right&quot;, and I felt that I should warn you not to go there, as i did to others. </p>
<p>And regarding Ben&#039;s post: so you agree that *some* VCs act like he described at *some* times (&quot;a small number&quot;, as you put it). He might have perhaps state more clearly that his observations don&#039;t apply to everyone all the time, but still &#8212; we shouldn&#039;t stifle all criticism in order to protect &quot;the right ones&quot;, since this will only encourage the wrongdoers. </p>
<p>As you know about this part of Europe, than you probably know about the political systems we&#039;ve been through (and some still are); this might be the reason why I&#039;m so sensitive about any apparent censorship I see. <img src='http://www.highway12ventures.com/wp-includes/images/smilies/icon_smile.gif' alt=':)' class='wp-smiley' />  </p>
<p>In any case, I&#039;ll use this opportunity to invite you to come and see Croatia when you have an opportunity, with the upcoming summer the perfect time; we&#039;ll grab some great local food and talk about Croatian tech startups which are very interesting and with great potential, but unfortunately with a very brief lifespan due to a chronic lack of available seed funding&#8230;</p>
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		<title>By: Mark Solon</title>
		<link>http://www.highway12ventures.com/2010/04/14/in-defense-of-venture-capitalists/comment-page-1/#comment-5041</link>
		<dc:creator>Mark Solon</dc:creator>
		<pubDate>Tue, 04 May 2010 11:44:07 +0000</pubDate>
		<guid isPermaLink="false">http://www.highway12ventures.com/?p=2233#comment-5041</guid>
		<description>Berislav, &quot;If you&#039;re hearing it so muh must mean it&#039;s true?&quot; C&#039;mon, I know you&#039;re smarter than that. If that was the case then the State I live in is filled with Nazi hate crime advocates. I heard that all the time living back east but I&#039;ve lived here for ten years and have seen nor heard of someone experiencing that.  
 
If you read my post carefully, I disagreed with Ben&#039;s view not based upon his inexperience but on mine set of experiences. I&#039;ve worked with hundreds of VCs from both coasts and from my experience, the behavior Ben describes has been exhibited by a small number of them.  
 
Lastly, I&#039;m not trying to dispute you, and I&#039;m incredibly happy that you took the time to join this conversation. I feel lucky that this medium allows me to interact with people from all walks of life. All four of my grandparents were born in eastern Europe and I&#039;m very enamored with that part of the world. </description>
		<content:encoded><![CDATA[<p>Berislav, &quot;If you&#039;re hearing it so muh must mean it&#039;s true?&quot; C&#039;mon, I know you&#039;re smarter than that. If that was the case then the State I live in is filled with Nazi hate crime advocates. I heard that all the time living back east but I&#039;ve lived here for ten years and have seen nor heard of someone experiencing that.  </p>
<p>If you read my post carefully, I disagreed with Ben&#039;s view not based upon his inexperience but on mine set of experiences. I&#039;ve worked with hundreds of VCs from both coasts and from my experience, the behavior Ben describes has been exhibited by a small number of them.  </p>
<p>Lastly, I&#039;m not trying to dispute you, and I&#039;m incredibly happy that you took the time to join this conversation. I feel lucky that this medium allows me to interact with people from all walks of life. All four of my grandparents were born in eastern Europe and I&#039;m very enamored with that part of the world.</p>
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		<title>By: Berislav Lopac</title>
		<link>http://www.highway12ventures.com/2010/04/14/in-defense-of-venture-capitalists/comment-page-1/#comment-5040</link>
		<dc:creator>Berislav Lopac</dc:creator>
		<pubDate>Tue, 04 May 2010 10:39:15 +0000</pubDate>
		<guid isPermaLink="false">http://www.highway12ventures.com/?p=2233#comment-5040</guid>
		<description>Mark, I&#039;m sorry but I must say that the Anon above is right, although he put it unnecessarily bluntly. I can surely understand that you&#039;re sick and tired, but if you&#039;re hearing it so much must mean that the Soviet team is really that good. You shouldn&#039;t take it too personally, especially as Brad wrote: &quot;some VCs do things that I really don&#8217;t like&quot; -- some, not all. 
 
Of course, blogs are a personal medium, and his views are personal as are yours. But don&#039;t make the standard mistake and try to disprove someone&#039;s views by emphasizing their &quot;inexperience&quot;; that&#039;s plain jealousy. And don&#039;t even think of tying to dispute me, since you know nothing about me (and no, LinkedIn will tell you nothing). </description>
		<content:encoded><![CDATA[<p>Mark, I&#039;m sorry but I must say that the Anon above is right, although he put it unnecessarily bluntly. I can surely understand that you&#039;re sick and tired, but if you&#039;re hearing it so much must mean that the Soviet team is really that good. You shouldn&#039;t take it too personally, especially as Brad wrote: &quot;some VCs do things that I really don&rsquo;t like&quot; &#8212; some, not all. </p>
<p>Of course, blogs are a personal medium, and his views are personal as are yours. But don&#039;t make the standard mistake and try to disprove someone&#039;s views by emphasizing their &quot;inexperience&quot;; that&#039;s plain jealousy. And don&#039;t even think of tying to dispute me, since you know nothing about me (and no, LinkedIn will tell you nothing).</p>
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		<title>By: How To Communicate with your Investors between Board Meetings &#124; CloudAve</title>
		<link>http://www.highway12ventures.com/2010/04/14/in-defense-of-venture-capitalists/comment-page-1/#comment-5039</link>
		<dc:creator>How To Communicate with your Investors between Board Meetings &#124; CloudAve</dc:creator>
		<pubDate>Mon, 03 May 2010 11:38:26 +0000</pubDate>
		<guid isPermaLink="false">http://www.highway12ventures.com/?p=2233#comment-5039</guid>
		<description>[...] a quote from Mark Solon’s blog for which I’m in complete agreement (along with agreeing with his entire post, which was brave, honest and accurate)  “The overwhelming majority of VCs I’ve worked with get up in the morning and think about how [...]</description>
		<content:encoded><![CDATA[<p>[...] a quote from Mark Solon’s blog for which I’m in complete agreement (along with agreeing with his entire post, which was brave, honest and accurate)  “The overwhelming majority of VCs I’ve worked with get up in the morning and think about how [...]</p>
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		<title>By: Mark Solon</title>
		<link>http://www.highway12ventures.com/2010/04/14/in-defense-of-venture-capitalists/comment-page-1/#comment-4997</link>
		<dc:creator>Mark Solon</dc:creator>
		<pubDate>Wed, 21 Apr 2010 21:52:51 +0000</pubDate>
		<guid isPermaLink="false">http://www.highway12ventures.com/?p=2233#comment-4997</guid>
		<description>Errik, 
 
&quot;I&#039;ve heard it said that over the long run you earn the VCs you have&quot; &amp; &quot;If you think of every startup as a tryout for your next startup, you may end up cultivating a much better relationship with your VCs&quot; are two of the most insightful observations I&#039;ve heard in a long time. This is great advice entrepreneurs embarking on raising capital for the first time from someone who&#039;s walked in their shoes. Thanks for sharing... 
 
 </description>
		<content:encoded><![CDATA[<p>Errik, </p>
<p>&quot;I&#039;ve heard it said that over the long run you earn the VCs you have&quot; &amp; &quot;If you think of every startup as a tryout for your next startup, you may end up cultivating a much better relationship with your VCs&quot; are two of the most insightful observations I&#039;ve heard in a long time. This is great advice entrepreneurs embarking on raising capital for the first time from someone who&#039;s walked in their shoes. Thanks for sharing&#8230;</p>
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		<title>By: @errikanderson</title>
		<link>http://www.highway12ventures.com/2010/04/14/in-defense-of-venture-capitalists/comment-page-1/#comment-4996</link>
		<dc:creator>@errikanderson</dc:creator>
		<pubDate>Wed, 21 Apr 2010 19:17:26 +0000</pubDate>
		<guid isPermaLink="false">http://www.highway12ventures.com/?p=2233#comment-4996</guid>
		<description>I&#039;ve heard it said that over the long run you earn the VCs you have. If you end up in a situation where you hate your investors, you should probably think long and hard about what you can do to change the situation or to lay some positive groundwork for the next startup you have. 
 
As an entrepreneur who&#039;s had some experience working at a venture shop, what Ben says rings true for some VCs, but I don&#039;t know if the proportion of challenging personalities is any higher in venture than and other highly competitive industry.  The challenge of finding a good venture capitalist is the same as finding a great employee or partner - you have to work hard at finding the right fit for your personality/style/specific opportunity you&#039;re working on.   
 
An entrepreneur has to adhere to the highest ethical standards and work hard every day to continue to earn the trust and respect from all the supporting cast of characters it takes to build and grow a successful startup.  That cast includes your partners, employees, customers and the angel investors / venture capitalists who are trusting you with a great deal of money. If you think of every startup as a tryout for your next startup, you may end up cultivating a much better relationship with your VCs.  
 
To anyone frustrated by an interaction with a VC, my advice is to take the highroad.  Over the long run your success, hard work and ethical behavior will earn you the VCs you deserve.   
 </description>
		<content:encoded><![CDATA[<p>I&#039;ve heard it said that over the long run you earn the VCs you have. If you end up in a situation where you hate your investors, you should probably think long and hard about what you can do to change the situation or to lay some positive groundwork for the next startup you have. </p>
<p>As an entrepreneur who&#039;s had some experience working at a venture shop, what Ben says rings true for some VCs, but I don&#039;t know if the proportion of challenging personalities is any higher in venture than and other highly competitive industry.  The challenge of finding a good venture capitalist is the same as finding a great employee or partner &#8211; you have to work hard at finding the right fit for your personality/style/specific opportunity you&#039;re working on.   </p>
<p>An entrepreneur has to adhere to the highest ethical standards and work hard every day to continue to earn the trust and respect from all the supporting cast of characters it takes to build and grow a successful startup.  That cast includes your partners, employees, customers and the angel investors / venture capitalists who are trusting you with a great deal of money. If you think of every startup as a tryout for your next startup, you may end up cultivating a much better relationship with your VCs.  </p>
<p>To anyone frustrated by an interaction with a VC, my advice is to take the highroad.  Over the long run your success, hard work and ethical behavior will earn you the VCs you deserve.</p>
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		<title>By: Mark Solon</title>
		<link>http://www.highway12ventures.com/2010/04/14/in-defense-of-venture-capitalists/comment-page-1/#comment-4993</link>
		<dc:creator>Mark Solon</dc:creator>
		<pubDate>Tue, 20 Apr 2010 02:16:30 +0000</pubDate>
		<guid isPermaLink="false">http://www.highway12ventures.com/?p=2233#comment-4993</guid>
		<description>Hey Scott,  
 
Thanks pal, although I&#039;d probably call it the upper-middle road. After re-reading it on PE Hub, I realize that I could have aimed a little higher. Great to see you in Denver for the RMVCA meeting and look forward to seeing you again one more time before we take off. Best, Mark </description>
		<content:encoded><![CDATA[<p>Hey Scott,  </p>
<p>Thanks pal, although I&#039;d probably call it the upper-middle road. After re-reading it on PE Hub, I realize that I could have aimed a little higher. Great to see you in Denver for the RMVCA meeting and look forward to seeing you again one more time before we take off. Best, Mark</p>
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		<title>By: slcaruso</title>
		<link>http://www.highway12ventures.com/2010/04/14/in-defense-of-venture-capitalists/comment-page-1/#comment-4992</link>
		<dc:creator>slcaruso</dc:creator>
		<pubDate>Mon, 19 Apr 2010 22:58:08 +0000</pubDate>
		<guid isPermaLink="false">http://www.highway12ventures.com/?p=2233#comment-4992</guid>
		<description>Mark &#8211; I read this over the weekend and just wanted to say that I appreciate you taking the high road in your response to Ben&#8217;s blog post.  It would have been easy to take a pot shot at him, but I like your approach of taking issue with his comments, not him the person. </description>
		<content:encoded><![CDATA[<p>Mark &ndash; I read this over the weekend and just wanted to say that I appreciate you taking the high road in your response to Ben&rsquo;s blog post.  It would have been easy to take a pot shot at him, but I like your approach of taking issue with his comments, not him the person.</p>
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		<title>By: Mark Solon</title>
		<link>http://www.highway12ventures.com/2010/04/14/in-defense-of-venture-capitalists/comment-page-1/#comment-4980</link>
		<dc:creator>Mark Solon</dc:creator>
		<pubDate>Thu, 15 Apr 2010 16:00:37 +0000</pubDate>
		<guid isPermaLink="false">http://www.highway12ventures.com/?p=2233#comment-4980</guid>
		<description>Very thoughtful observations Kevin... </description>
		<content:encoded><![CDATA[<p>Very thoughtful observations Kevin&#8230;</p>
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