"Do not trust venture investors who sit on golden chairs"
http://holyvc.com/2010/06/series-27-do-not-trust-venture-investors-who-sit-on-golden-chairs/

"As it turned out later, it was not INVESTORS at all but swindlers who needed the project of PROGRAMMERS to create illusion of activity in order to swindle out from private investors “money to fund of venture investment”."