Marc Andreessen, famous co-founder of Netscape, finally comes clean with his opinions about entering a relationship with VC’s. Bottom line: it ain’t a free lunch. As a really smart entrepreneur I know says: "Partners are for dancing."
http://blog.pmarca.com/2007/06/the_truth_about.html
There are a variety of circumstances where partnering with VC’s is the best move. But before you hop in the sack, think it through.