If the VC model did not work it would have simply gone out of business. It has, on a macro scale, three times now. On a micro scale, it does every day, but the

If the VC model did not work it would have simply gone out of business. It has, on a macro scale, three times now. On a micro scale, it does every day, but there is always some new money who is sure they can get it right this time.