Vinod Khosla, famed investor in Indiegogo, Storify, Jawbone, and more, went on stage at TechCrunch Disrupt 2013 and said: “95 percent of VCs add zero value and 70 to 80 percent of VCs add negative value to a startup in advising you.” The statement was met with a huge round of applause by a room full of hundreds of entrepreneurs in the room. At the StartMeUp event in April, Singaporean investor Jeffrey Paine also told us that “you shouldn’t listen to anybody who wasn’t a founder. Only founders understand founders.” These bits of wisdom come from investors from San Francisco to Singapore. But does anybody take this advice?
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