There is a lot of animosity towards VCs, even the good ones.

The industry is designed in such a way that forces them to be portrayed as bad guys more often that not. In order to do their jobs well, most VCs are forced to fund less than 1% of the companies that they see. So, they’re saying “no” to most of the entrepreneurs they meet (no matter how much they like the people). To make matters worse, entrepreneurs have an emotional attachment to their business ideas – they consider their companies their babies. As a result, they often take criticism personally.

If you put these two facts together, to be successful a VC must offend (to some degree) 99% of the entrepreneurs that they meet. Imagine if you lived in a world where you have to tell 99% of the moms that you meet that their babies are ugly. It’s an unfortunate part of the job to say the least.

The takeaway for entrepreneurs is that they shouldn’t take rejection too personally. The venture process can be painful because there are numerous factors that influence a VCs decision – even good startups receive a fair amount of rejection.  Nobody likes this part of the process - not even the VCs.