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The Myth, The Reality, The Absurdity

Rather than being an easy way out, weight-loss surgery can help some patients make the extreme diet adjustments necessary to lose large amounts of weight. Though there are always risks to going under the knife, most bariatric surgery isn't as dangerous as remaining severely overweight. Recent innovations in treatment methods also mean that many weight loss surgeries require shorter recovery times and are less invasive than in the past. In fact, the risks for bariatric surgery are usually comparable to those for gallbladder surgery, according to Cleveland Clinic.

Though many patients report having low energy for a period after the surgery, most are well enough after a couple weeks to resume their usual routines. Most people who have had weight loss surgery experience an extremely reduced appetite for six to 18 months following the operation, according to the ASMBS.

Some forms of surgery actually reduce the size of the stomach, preventing it from holding large amounts of food at once.

Busting Myths

However, it is possible for people who have undergone bariatric surgery to eat too much and cause weight gain, especially if they become accustomed to eating many small meals throughout the day. It's important to stick to the eating plan recommended by your doctor or nutritionist in order to be successful after surgery. Though it is true that the entire stomach can stretch after surgery to accommodate more food if the patient overeats, the real stretching actually occurs at the opening of the bottom of the stomach or pouch.

According to Mercy Health, this allows food to empty out of the stomach more rapidly than normal and allows the individual to continue eating. If the individual doesn't control their food intake, this stretching can lead to weight gain.

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Furthermore, though patients may not always lose the full amount of their excess body weight, many report a perceived improvement in their quality of life tied to losing even part of their pre-surgery weight. A common misconception is that shrinking the size of someone's stomach through weight-loss surgery means that they will be malnourished for the rest of their lives.

e-book 10 Myths of Success Leading to Your Daily Failures

According to Mercy Health, this is mostly incorrect. Though patients who have had certain weight loss surgeries do experience a decreased ability to absorb vitamins and minerals, this is easily remedied by taking daily supplements. Furthermore, following a balanced post-surgery diet and planning meals usually means an individual's overall health is actually much improved after a successful weight-loss operation.

According to Mercy Health, insurance coverage for bariatric surgery varies by state and provider. However, if your doctor has recommended weight loss surgery, many insurance companies will, in fact, cover the full or partial cost of the procedure. Some providers distinguish between surgeries meant to treat obesity and those intended to remedy morbid obesity, with many plans only covering for treatment for morbid obesity.

Be sure to talk to your health-care provider and your insurance provider for more info. Sophia Mitrokostas. VCs are innovators.

10 of The Most Widely Believed Myths in Psychology – Research Digest

Apparently not. The innovation is coming from online platforms such as AngelList and SecondMarket. Steve Jobs, Mark Zuckerberg, Sergey Brin: We celebrate these entrepreneurs for their successes, and often equally extol the venture capitalists who backed their start-ups and share in their glory. Well-known VC firms such as Kleiner Perkins and Sequoia have cultivated a branded mystique around their ability to find and finance the most successful young companies.

Forbes identifies the top individual VCs on its Midas List, implicitly crediting them with a mythical magic touch for investing. The story of venture capital appears to be a compelling narrative of bold investments and excess returns. The reality looks very different. Behind the anecdotes about Apple, Facebook, and Google are numbers showing that many more venture-backed start-ups fail than succeed.

For more than a decade the stock markets have outperformed most of them, and since VC funds on average have barely broken even. In this article I will challenge some common ones in order to help company founders develop a more realistic sense of the industry and what it offers. Venture capital financing is the exception, not the norm, among start-ups. Non-VC sources of financing are growing rapidly and giving entrepreneurs many more choices than in the past. Angel investors—affluent individuals who invest smaller amounts of capital at an earlier stage than VCs do—fund more than 16 times as many companies as VCs do, and their share is growing.

AngelList, an online platform that connects start-ups with angel capital, is one example of the enormous growth in angel financing. Another new source of start-up investment is crowdfunding, whereby entrepreneurs raise small amounts of capital from large numbers of people in exchange for nonequity rewards such as products from the newly funded company.

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Passage of the JOBS Jumpstart Our Business Startups Act last year promises to support even faster growth by allowing crowdfunders to invest in exchange for equity and by expanding the pool of investors who can participate. VCs are often portrayed as risk takers who back bold new ideas.

If a VC firm invests in your start-up, it will be rooting for you to succeed. But it will probably do just fine financially even if you fail. These cumulative and guaranteed management fees insulate VC partners from poor returns because much of their compensation comes from fees. Most entrepreneurs have no such safety net. Other investment professionals often face far greater performance pressure. Consider mutual fund managers, whose fund performance is reported daily, whose investors can withdraw money at any time, and who are often replaced for underperformance.

They take on less personal risk than angel investors or crowdfunders, who use their own capital. And all investors take fewer risks than most entrepreneurs, who put much of their net worth and all of their earning capacity into their start-ups. A common VC pitch to entrepreneurs is that the firm brings much more than money to the table: It offers experience, operational and industry expertise, a broad network of relevant contacts, a range of services for start-ups, and a strong track record of successful investing.

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In some cases those nonmonetary resources really are valuable. But VCs vary tremendously—both as firms and as individuals—in how much effort they put into advising and assisting portfolio companies.

Among those who do mentor their CEOs, ability and the quality of advice can differ widely. But for founders who have bought into the idea that VCs provide lots of value-added help, it can be a source of great disappointment. Ask about resources the firm offers—PR, recruiting, and so forth—and whether those have been useful.

Some questions you should ask the VC firm directly, such as: Whom does it intend to put on your board? Is the person a partner or an associate? Does the person have any experience or any other portfolio companies in your industry? On how many other boards does he or she serve?