On VCs

11/2007 It seems the best VCs have mastered the at of meddling in other people’s affairs.

01/2009 New VCs are popping up and YC is surely creating a stir. AH is exciting if they really create a keiretsu.

01/2013  VCs cannot keep up with the activity of startups even though Moritz says SV doesn’t need all this money.

10/2018 VCs have beat the system by raising larger and larger funds with the same size management teams. They have mastered the job of no risk, most of the return. Rich beget the Rich. No one dares to change the model.