When first entering into the world of VC funding entrepreneurs often overlook in the importance of understand the local "flavor" of VCs.

VCs tend to be more geographic in their investing -- they tend to favor deals closer to home. It reduces their risk, as they know more of the players in their area and it is easier to keep an eye on things.

And VCs in each region or even each city will often focus on just a few industries or even a coupl...

I had a nice time in Bend (Oregon) this weekend, including a conversation after dinner with some friends, a nice summer night, staying light late; the subject of large companies screwing small companies came up. I had something to add -- from experience. More of the "mistakes I've made" categories. They're easier to talk about at the end of a good day, looking at the river, feeling at peace with things.

Before I get into this, I should point...