VCs offer bad advice, because most of them are successful not because of the ruthless elimination process that is a startup, but despite. Meaning that they have no idea why they are successful. Take this example: Let's take 10 identical startups with identical traits doing the same thing in 10 places of the US. Some die because they burn money quicker, b/c SF salary is expensive. Others die because they are in rural US and don't get exposure to the right people. Or they succeed because lower cost of income allows for longer runways so they are still alive at the right time, as opposed to the SF startup. Or they might have a neighbor who knows someone who knows someone.All of those that make it in the end will think they made it because they were smart and hard working and what not. Truth is that hard work and smarts are the lower entry barrier of success, not what takes you all the way to the top.
But then again VCs are mostly self-congratulating morons who will attribute their success to anything but luck.
Case in point: Anything from Sam Altman or Paul Graham.
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