Zynga founder and CEO Mark Pincus put it very well to me when he said, “I tell entrepreneurs:  don't be a victim. It doesn't matter whether you like the venture capitalists or don’t like them, really.  Structurally, they have areas of conflict and areas of overlap with you.  Depending on the way things go, there's a high likelihood that you're going to run into conflict with them at some point, whether they're your friends or not. And what defines great companies and what defines great venture capitalists and great entrepreneurs is not whether or not you run into those conflicts, but it's how you navigate around them.”  The key is to de-personalize this and simply understand what is the job of a venture capitalist and what are their levers.

via onstartups.com