Ironic how “no VC makes all the right picks” becomes “VCs are indispensable.” In a rational market, LPs would index, but VCs justify their 2 & 20 by controllin

Ironic how “no VC makes all the right picks” becomes “VCs are indispensable.” In a rational market, LPs would index, but VCs justify their 2 & 20 by controlling access…