The thing is too... the spray and pray approach does work. The success of VCs is based very much on spray and pray at the end of the day. The other thing peopl

The thing is too... the spray and pray approach does work. The success of VCs is based very much on spray and pray at the end of the day. The other thing people are forgetting is that many "unicorns" that are unprofitable do have a road to profitability. But the investor sentiment over the last 5-10 years has been to push companies to grow vs. try to become profitable fast at a smaller scale. At the end of the day, one reason I suspect tech won't retreat in dominance is that the rate of return on capital is extremely high even when you factor in top end compensation for employees. The change I do predict is that we'll return quickly to a "grow fast, fail fast" world where investors will be less willing to ride out investments that don't have a clear path to monetization in the future. Monetization will likely be emphasized from the get-go for founders. It won't be an after thought. In the past few years, some ridiculously dumb ideas were getting $5-10mm investments shortly after seed stage. I suspect that era is done for a while.