VCs are more like lemmings. They're beholden to funders who, while wanting to see ROI, also want to make sure they're not missing the next big thing. This FOM

VCs are more like lemmings. They're beholden to funders who, while wanting to see ROI, also want to make sure they're not missing the next big thing. This FOMO competition means VCs are more likely to jump of a cliff once that first VC makes the leap, because in the off ~1% chance it's a big thing, the VC can't afford to miss it.