One of the most interesting areas to learn about is how to apply VC capital to grow the company, especially in an ecosystem like bitcoin that does not much rely on marketing to attract new users. It is not exactly a misconception but rather a black spot typically overlooked.

A misconception however might be that users will find the product themselves. This can rarely happen, mostly for very unique products with super strong wow, network effect and stickiness. Most products are not like this. But for example a P2P messenger with LN payments could be such.

Another misconception is that a valuation is very important to negotiate about, Valuation is rather a product (a consequence, derivative) of value to be created in partnership between VCs and founders. It can be more productive to talk about how to create value together, over a long term.