Ideas are certainly worth something - they're just not worth anything unless they're actually implemented. If a VC truly believes that early startup valuation i

Ideas are certainly worth something - they're just not worth anything unless they're actually implemented. If a VC truly believes that early startup valuation is voodoo, then he shouldn't invest. His willingness and want to invest early is shown in the amount of risk he carries, but VC's need to remember that risk carries both ways.