Point taken; he was quoting an unnamed VC who said that and he believes there's a kernel of truth in it. He's also been characterised as supporting that point

Point taken; he was quoting an unnamed VC who said that and he believes there's a kernel of truth in it. He's also been characterised as supporting that point of view; on stage yesterday Chris Sacca straight out placed "his" words feet and he didn't take the opportunity to refute it: MA: No one is talking about the entrepreneurs. CS: That’s not true. You call some smaller companies “dipshit” companies, but they’re not. http://techcrunch.com/2010/09/27/the-panel-thats-definitely-maybe-not-about-angelgate/ http://techcrunch.com/2010/09/27/the-panel-thats-definitely-... Another quote from VentureBeat: "TechCrunch Editor Michael Arrington, who moderated the panel, had previously criticized some angels for funding “dipshit companies” that think too small and aim to be acquired by Google for around $20 million" http://venturebeat.com/2010/09/27/angel-investors-defend-small-valuations-and-dipshit-companies/ http://venturebeat.com/2010/09/27/angel-investors-defend-sma...