There’s been an ongoing conversation in Silicon Valley about what value VCs actually bring to entrepreneurs. About a year ago leading cleantech investor Vinod Khosla penned a piece in which he took to task VCs about what they really knew or understood about building a company. At the time he wrote:

A lot of VCs, especially those from the more financially oriented firms, do more harm to startups than good when they get themselves on company boards without ever having built a company themselves, or seeing one from the inside. What value can a VC as board member add to a company? We constantly ask our young guys…. “What have you done to earn the right to advise entrepreneurs?” I don’t want entrepreneurs to get inexperienced advice on important matters.