fact is that when the VCs do their deals and they do the paperwork, they take advantage of entrepreneurs who haven't been through this before. They do things on terms that favor them in a way that really can't be justified-that take advantage of their ignorance. It's not a good way to do business. Some of the VCs try to rationalize it, "This is just the way things are done." Well, I'm sorry but they're wrong. Why do you think venture capital also enjoys a reputation as "vulture capital?" It's not an accident; it doesn't have to be that way.
Vulture Capital
