> it also shows the level of risk aversion they exhibit. I feel like it's very risky to do what everyone else is doing in a winner-take-all market. It seems l

> it also shows the level of risk aversion they exhibit. I feel like it's very risky to do what everyone else is doing in a winner-take-all market. It seems like part of the problem is that there's too much VC money floating around for the number of opportunities in the market. I'm sure most investors would love an original pitch, but they just aren't getting any. And how can you claim to be a VC if you're passing on every venture looking for your capital? Throwing $1MM at Twitter for Dogs is probably just a cost of doing business, it keeps you in the loop and adds some prestige.