Thread by @jasonlk

We're not grateful enough in venture -- including as founders:

- VCs are not grateful enough to those that source deals for them

- Founders are not grateful enough to early-stage VC that take real, big risks on them. Especially the ones they say No to.

- VCs are not grateful enough to co-investors that bail them out

- Founders are not grateful enough to VCs that bridge them and bail them out. They forget

- VCs are not grateful enough for the hard work that goes into each board meeting

- Founders are not grateful enough to that one VC that actually has their back at the board meeting. It's almost always just 1.

- VCs are not grateful enough just to be included in the round, when there was barely room

- Founders are not grateful enough when a VC who isn't #1 or #2 on the cap table works harder than #1 or #2

- VCs forget that founders for a long time make less than them and work harder

- Founders forget that many times, so little of the investment really goes to the specific investor that works so hard to help them

- VCs take advantage of the power dynamics in the relationship

- Founders forget not all, but much, of the social and personal and often internal capital VCs burned for them just to get anyone else to invest

Perhaps the meta point is in 2021, venture capital for so many has simply become a game

And that's OK & and probably good for most

Just remember the 1 or 2 folks that truly stuck their neck out, believed in you, far more than it made any sense to do so

Founders and VCs both