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Yeah it's almost like people are collectively waking up to the fact that VCs are not actually that smart because their whole business model is predicated on bei
by davidivadavid 4y ago
Yeah it's almost like people are collectively waking up to the fact that VCs are not actually that smart because their whole business model is predicated on being wrong 90+% of the time (which to be fair they've been explicitly saying forever). Now they're connecting the dots and realizing that the other 10% are just luck (and a well timed bull market).