Critically evaluate the following statement: Venture capital (VC) contracts are inherently unfair. The investors get special privileges, like anti-dilution protection or preferred shares, but the entrepreneurs do not. The only way of reaching a fair agreement would be to give these privileges to both the investor and entrepreneur, or else make the investor pay for these privileges. The fact that investors dont give these privileges to the entrepreneurs proves that they dont really care about creating great businesses. Besides, things like preferred shares give investors an incentive to sell the company, rather than taking it public.