I keep hearing this take! Yet, I have no real evidence that points me to its truth. The thinking seems to be predicated on VCs having inside knowledge or excel

I keep hearing this take! Yet, I have no real evidence that points me to its truth. The thinking seems to be predicated on VCs having inside knowledge or excellent speculative skills. That might be true, but presumably they're not the only strong speculators. Are we seeing other major players move out of tech? We're certainly not seeing massive liquidation in general.