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"so we got another younger partner in his firm with seemingly the right pedigree – engineering degree, MBA, lots of boards, etc. But as we would find out the hard way – zero experience as an entrepreneur."

Do most (or even a majority of) venture capitalists have any experience as an entrepreneur? In India there are tonnes of VCs with just MBAs and no entrepreneurial experience at all. They fund mostly outsourcing companies so not much harm done. Still, makes me wonder..

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