Venture firms act as price takers and should focus on picking companies to support rather than trying to negotiate valuations.

“my view of like our role as vcs is just to be a price taker of whatever prices the market sets we don't try and negotiate something better than market really we just take the market price and we pick the companies we want to be in”

Most venture capitalists cause harm by prioritizing hypocritical politeness over the brutal honesty that is actually needed to assist entrepreneurs.

“most we's want to be your friend and so they are hypocritically polite instead of brutally honest in a way that can actually help you make a better decision in in that's sort of religion for me I prefer brutal honesty to hypocritical politeness and when people don't do that they are actually harming”