I think the larger and larger costs means they they don't want to take on unnecessary risks. The expectation of return is higher than ever, thus, as VC managin

I think the larger and larger costs means they they don't want to take on unnecessary risks. The expectation of return is higher than ever, thus, as VC managing other people's money, they have no choice but to comply. Fund what already has an a market and traction. So, like you said, VC are digging their own grave, but I reckon they know it and can't do a damned thing about it.