The separation of advice and money

The post discusses the evolving landscape of venture capital, highlighting the growing separation between advice and funding. It argues that while this shift allows founders to choose their advisors and potentially reduces dilution, it may also lead to less commitment from advisors and increased risks for investors. The author emphasizes the changing dynamics of power between founders and investors, driven by crowdfunding and a cultural shift towards startups.

Published 2013-10-08 3 min read 544 words 2 topics

Before you set out 2/5 Navigation SeverityPoorly MarkedFindable with effort. The title or placement undersells what is actually inside.

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One of the most interesting changes in venture capital going on right now is the separation of advice and money. For a very long time, these have been a package deal. Great advice is really important; some founders don’t

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Read the full essay on Sam Altman's blog

blog.samaltman.com/the-separation-of-advice-and-money

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