[trhway]

> ideas are worth exactly nothing and execution is worth everything.

there is 3rd component - money. You may have good idea and be executing it well. The VC has money, has your idea and in this situation hey have choice - your execution or to implement their own. Due to money asymmetry, even having somewhat worse execution, they may still do better than you.

[Kalium]

Part of your pitch is making the case that you can do better than them, even when they have a money advantage.