> As an aside, I’ll never understand why people get so upset for rich people making bad bets and losing a bunch of money. I think people are more upset about w

> As an aside, I’ll never understand why people get so upset for rich people making bad bets and losing a bunch of money. I think people are more upset about what companies don't get funded rather than which VCs lose their money (more accurately, the money of California government retirees). Companies like WhatsApp created staggering amounts of value by enabling affordable messaging around the world. WhatsApp is obviously a success story, but for every Juicero that's 20-100 other companies that could have done great things and never got the chance. However -- the outrage is always easiest to point with 20/20 hindsight.