Wade Foster [Archive.org URL]

Since many of a startups’ earliest advisers come from the fundraising world, they’re likely to offer advice from one particular perspective. Traditional VCs have a playbook that they run across their companies, and their business model works for them. Their goal is to place strategic bets in a handful of companies. Founders, though, aren’t managing a portfolio. They need to base their decisions on the specific needs of one company — theirs. Advice is crucial, and should be welcome, but think critically about the experiences and motivations behind it.

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