His criteria for the definition of A teams all seem to revolve around experience rather than talent. Experienced people probably already have some money, which

His criteria for the definition of A teams all seem to revolve around experience rather than talent. Experienced people probably already have some money, which means they have the potential to lose it, which means that they're likely to be more conservative. Being conservative means cutting both your standard deviation and your mean outcome. But VCs shouldn't be encouraging conservatism, because when you're running a fund, the law of large numbers kicks in and standard deviation doesn't really matter. It should be all about the mean.