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Answer 5 out of 7
 
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In my experience VC's are a necessary evil. They'll provide seed funding for companies with great ideas (and no other source of funding) and demand 80% ownership in the company in exchange for keeping them going one year at a time. VCs consider that fair, because of the risk involved, but the nickname "vulture capital" is well deserved. Those I've had experience with typically don't have staff to speak of, except a receptionist, accountant, etc. And, I agree, that they are typically people with a success rate of starting businesses themselves, so have excess capital on hand. If they need "expertise" they'll hire a specialist or consultant for a day or two to evaluate a firm. I would definitely *not* even bother with that sector as a first job after graduating. I don't think you'll find one there, and I think you'd be very disappointed if you did.

Posted 3 years ago
cwhaley was invited by Yedda to answer this question.

 
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