Value Add

Noun. A term for vague and banal advice VCs like giving the founders, supposedly helping uncover the secrets to building a successful business.

VC (at board meeting): you know, it is very important not to run out of money
Founder (trying to placate -- more funding will be needed soon): that's a very good point, we are on it
VC: when we invested, I told you we bring a lot of "value add," not just money
Founder: (placating again): gee, you were right, and we appreciate it
VC (smug, and actually beliving they just helped): thank you

Added by sheynkman almost 9 years ago