I have nothing against the VC industry just like I have nothing against hedge funds, PE or the banking industry. They manage capital inside a regulatory framewo

I have nothing against the VC industry just like I have nothing against hedge funds, PE or the banking industry. They manage capital inside a regulatory framework to generate returns for their investors. The VC industry however excels at hype and hagiography which enables them to build up entrepreneurship as a holy calling while urging on legions of founders to take more risk but I digress..... Imagine Wynn Resorts (world's largest operator of Casinos) berating the world for living large, drinking too much and indulging in non-productive activities. The biggest hits of a16z - airbnb, lyft, pinterest - are companies that are either media assets to monetize eyeballs, or software that extracts more value from existing assets while doing an end-run around existing regulation. Yaay for a16z for being such baller investors. But to tell the rest of us it is time to build is like Pepsico trying to scare us into healthy habits. Immensely hypocritical article.