Paul Kedrosky's list of the 10 great venture capital lies — "We're all on the same side here, etc." — is a classic. So classic, in fact, that one alert reader remembered another list of the top ten lies that investors tell hopeful entrepreneurs, by venture guru, Guy Kawasaki, published a year ago. Kedrosky, without attribution, borrowed five of them. Which reminds us of one other investor line: ideas are a commodity; it's the execution that matters.

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