I generally believe that most people with money are generally not stupid. Why, if that is the case, I hear so often that VCs more likely to destroy companies they fund by imposing their control (via puppet CEO for example)?
"... I generally believe that most people with money are generally not stupid. Why, if that is the case, I hear so often that VCs more likely to destroy companies they fund ..."
Human frailty.
After you make a certain amount of money the real aphrodisiac or prime motivator becomes power and control. So (mindless) control is the problem. It has less to do with stupidity, how smart you are as to how well your pre-frontal cortex has been trained to deal with absolute power. There is a lot to be learn't from the ego-less leader. Jim Collins has written about this character trait that propels (or hinders) companies ~ http://www.fastcompany.com/magazine/51/goodtogreat.html
Just asking...