Insights and Opinions: Money comes smart or dumb. Find smart.

For our Insights and Opinions section today, Dave Berkus, an angel investor, sums up why -- even for an angel backed firm-- taking venture capital makes a lot of sense.

This statement could be considered controversial. We have previously made the case that professional investors demand more in the form of restrictive covenants and lower valuations. Now we explore the other side of that coin. Professional investors usually bring "smart money" to the table, defined as money that comes along with good advice and great relationships for corporate growth. Often, that money is worth more than the cash invested, because the investors who often become members of the board, bring a wealth of experience, insight, relationships and deeper pockets to the table. (Continued...)
Read the rest of Dave's post.