Vinod Khosla recently stated that 90% of VCs add no value, 70% add negative value[1]. [1] https://blog.ycombinator.com/vinod-khosla-on-how-to-build-th...
He said that in the context of adding value on boards, i.e. providing strategic direction. The fundamental impetus of VC's, i.e. 'capital' is generally a good thing for Entrepreneurs.
I’m aware. I thought was implied. The primary function of VC of course is to provide the C.