Charlie O'Donnel: If you don't lead, you're not a VC(thisisgoingtobebig.com)
thisisgoingtobebig.com
Charlie O'Donnel: If you don't lead, you're not a VC
http://www.thisisgoingtobebig.com/blog/2014/10/22/not-all-startup-and-venture-experience-is-equal-getoffmylawn.html
I experienced this in the college town where I started my company. They would take whoever the most qualified person is and give them a panel role or a speaking role. For example, you'd have a partner at a law firm giving startups product advice, just because he happened to be the only regarded person they could get.
Kudos to the poster. Only critique I have is that I misread the title to mean "If your VC firm doesn't lead rounds, you aren't a VC". Might be better to clarify.