I wouldn't write off traditional VCs just yet. Traditional VCs like Sequoia and Bessemer have been through a tech bubble and the GFC and have the scars to show

I wouldn't write off traditional VCs just yet. Traditional VCs like Sequoia and Bessemer have been through a tech bubble and the GFC and have the scars to show for it. Tiger has been investing in an incredible bull run in tech which has seen valuations now eclipse the first tech bubble in 2000. It remains to be seen whether things will burst in the same way or have a soft landing (or continue their upward march indefinitely!). It also remains to be seen what will happen to newer entrants like Tiger if things do turn south dramatically.