I am also in NYC, but I feel this fund will not work out. The problem is for East Coast VCs and Government funds, they are too timid to make themselves like foo

I am also in NYC, but I feel this fund will not work out. The problem is for East Coast VCs and Government funds, they are too timid to make themselves like fools. Unfortunately things are just like what PG said in his video that showed up yesterday in HN. "In technology venture funding, if you are too careful, you lose." Unfortunately, only few VCs such as Fred Wilson in East Coast have the courage to make themselves like fool once in a while but reap big rewards. Of course, if this fund is run by Fred Wilson, then I will have more confidence, but it is not.