The VC landscape has changed more in the past three years than in my almost 20 years as a VC. For entrepreneurs, there’s never been a better time to start something. For early stage VCs, the investing space is becoming more competitive, which is healthy and good for the startup ecosystem. VCs who see themselves as stewards, or coaches of their founder’s creativity and talent, will retain their value. By contrast, VCs who seek to control companies, slavishly adhering to a numbers game, may very soon find themselves replaced by other sources of investing that allow them to retain more ownership of their idea. Here are five things VCs need to remember in the changing landscape.