Is there any evidence that VC firms are any better at predicting the future than hedge funds? I understand a few years ago that perhaps there were some ineffici

Is there any evidence that VC firms are any better at predicting the future than hedge funds? I understand a few years ago that perhaps there were some inefficiencies in the startup market which could be exploited, but now that everyone focused on SV (and elsewhere) startups, is there really a reason to pay 2% of AUM for someone to make guesses on your behalf?