>> Large investors prefer fewer, larger deals. Because of attention scarcity and transaction costs. >> Today, we have excess idle capital under performing AND

>> Large investors prefer fewer, larger deals. Because of attention scarcity and transaction costs. >> Today, we have excess idle capital under performing AND zillions of unfunded ideas, unending needful work not being done. That might be a consequence of the concentration of wealth that's been happening. Not only does a VC have limited attention, but there aren't many ideas that need billions of dollars to fund. It might be better for startups to have twice as many rich guys with half as much money. OTOH maybe there's a way for them to spread it around more with a layer of oversite? But they'd need trusted oversite, and I'm guessing that's hard for them to find.