Let's be honest. Many "VCs" are just geeks who got a windfall on some deal they were involved in and suddenly find themselves in positions of power/authority.

Let's be honest. Many "VCs" are just geeks who got a windfall on some deal they were involved in and suddenly find themselves in positions of power/authority. Just because a person suddenly as money/equity to invest doesn't mean they are Warren Buffett. Few people can truly determine the value of a product or company in the future (even WB). Just take a look at what post 2001 dot com era has done to the startup and tech world. Uber is still negative to an astounding degree, and countless other companies have been funded that have no clear path to profitability. And look at the SF real estate market. Briefly wealthy nerds have bought properties with little regard for their real value, artificially (or realistically-temporarily) driving up the prices. It means nothing to the few players involved because their salaries are significant compared to the masses and the properties available. It's the euphoria that has pushed the US into new and incredibly absurd territory which can, frankly, allow for the absurd political climate that we see now. This whole "VC" idea is bunk, because it is based on the "fake" (sorry to use the popular word) economics that have created never-profitable dot-coms that have been bought by barely-profitable dot-coms where the early players cash out while leaving the stupid average people to suffer the AOL sized losses.