Building off of another question about VCs. I would go further up the chain, I am more pessimistic about Venture Capital and their parasitic relationship with t

Building off of another question about VCs. I would go further up the chain, I am more pessimistic about Venture Capital and their parasitic relationship with to startups. Startups are in my opinion amazing and there are still many more ideas that are to be executed on. I have issue with the expectations that Venture Capital brings to the table. The VC industry to me is in a state that Hedge Funds were prior to their free fall in 2008. You were a high networth individual, you put some money into a hedge fund to be part of the club and paid your 2 and 20. It was often not the best investment decision but it was fashionable. In the past 10-15 years it has become a similar trend. Now of course money has been cheap so there is an argument that due diligence is not as important in many of these investments...but I am curious about returns in VC funds for the past 5 years and going forward. Most of the IPOs that I can recall have been pretty lackluster and the underlying businesses/economic models are pretty lackluster. Everyone was sold on XYZ being the next Google but that has not shaped up to be the truth. I am not arguing that VC should not exist, same as Hedge Funds. I do think the industry is in a bad spot with how many poor investments were made. This easy money has spawned an entire industry of under performing startups with stellar employee benefits.