[msuster]

I definitely have never argued that all VCs are good or even that good VCs always act appropriately. That's for sure.

I think the key is knowing the parties with whom you're dealing and knowing their past behavior. I advocate reference checking portfolio companies that failed: see http://www.bothsidesofthetable.com/2010/02/08/how-do-you-ref...

[jpdoctor]

> and knowing their [VCs'] past behavior

So given the complicated web of legal documents from the exits of folks that have been screwed over, how would you find the worst cases?