This sounds Nietzsche’s view of ‘slave morality’. It’s actually in fashion to say you invest in or do boaring businesses so this isn’t really all that controver

This sounds Nietzsche’s view of ‘slave morality’. It’s actually in fashion to say you invest in or do boaring businesses so this isn’t really all that controversial. However, like time, there’s an arrow of technology and there’s a reason VCs are investing in sexy startups. For instance, AI is sexy because it really will be transformational, unlike whatever today’s latest fashion trends are. Corporate R&D for S&P 500 in 2018 is estimated at around $325b — compare that to the $65b invested in U.S. VC in 2017. As corporates realize R&D is hard and see Less and Less ROI they will continue to shift more of their budget to acquisitions which effectively means we should see a large increase in VC spending. They’ll have to pay a premium for picking winners. In 10 years we’ll look back at today and ask why VCs were not investing more in tech because that was obviously where the opportunity is until we see transporter beams, jarvis, and molecular fabricators.