If you are an entrepreneur who specializes in artificial intelligence or rocket launches, chances are you are not familiar with how banks work, or know what a held-to-maturity portfolio means.
When tech founders go to venture capital, they are not only seeking funding, but also advice. In a way, VC funds function like management consulting companies. Having seen the rise and fall of many firms, they claim to know how businesses can grow. Often, they connect startups with big industry names and teach them how to build operations, such as banking, hiring and layoffs.