Great post on an article in Entrepreneur Magazine written by Brad Feld – A VC's Biggest Flaw:  Arrogance.  Brad is an entrepreneur turned venture capitalist and I appreciate the candor of the article. 

I have definitely met a few of these types of people over the years and have many friends and acquaintances that are VCs.  I tend to gravitate towards those not described below but have had my share of exposure to these types of folks as well. 

The investors you choose are as critical if not more so than the executive team around you.  The money is important but so is the man or woman behind it that will be with you every step of the way. 

Read the article and learn more about these VC personas (the descriptions are mine):

1. Mr. 'Know-It-All':  need I say more?
   
2. Young VC:  a freshly minted MBA with no experience or operating knowledge who has never made a cold call, asked for an order, or gotten an ear full from a customer about a buggy product.
   
3. Experienced Entrepreneur:  can't keep their hands out of the operating details because that is where their passion and knowledge resides.

Venture capital provides fuel for innovation and entrepreneurship and I believe it is one of the foundational layers of our economy and society.  It not only has the appetite for risk but the stated purpose of taking on high levels of it for the chance of a high return and there are lots of exceptional people putting it to work everyday…and, like any industry, a few less so.