Good point - important to look at the tail. Also, a lot of these burnt out finance kids are finding tech interesting - but so many just want to become a vc. I t

Good point - important to look at the tail. Also, a lot of these burnt out finance kids are finding tech interesting - but so many just want to become a vc. I think its a personality issue too - have had so many mind numbing conversations with super smart NYC finance whizes who want to start a company but the template line is: I have the concept, i'll hire a tech guy, give him 5% equity, and we will conquer the world. Very very few are doing it to solve a problem / create a company - the primary focus is still what it was while running the hedge fund. Having said that - there is so much good stuff coming up in NYC too. Good signs.