The problem I have seen play out with friends that have tons of relatively easy money fall into their laps is that it saps ambition. Waking up every morning kn

The problem I have seen play out with friends that have tons of relatively easy money fall into their laps is that it saps ambition. Waking up every morning knowing that you have enough money for a hundred lifetimes can be freeing, but also means that you aren't required to do anything at all. Many people in that situation choose exactly that. My understanding is that Chris isn't the nicest guy in the world, so perhaps he's doing entrepreneurs a favor by backing other VC's. Some of his capital will still be out backing startups, but their founders won't have to put up with him personally.