Gassée is shorthanding a bit. VC is more specialized now than it was in 1990 when Be was getting funded. So now, there may be structural reasons. A seed fund is

Gassée is shorthanding a bit. VC is more specialized now than it was in 1990 when Be was getting funded. So now, there may be structural reasons. A seed fund isn't going to carry you through A, B, .... Still, his central point about clarity remains. But clarity will be different for different VCs with different investment hypotheses.