For me, the 98% of VCs are all like Gandalf the Grey. They have kind of an idea what they are doing, they maybe actually understand 98% of investment, but they

For me, the 98% of VCs are all like Gandalf the Grey. They have kind of an idea what they are doing, they maybe actually understand 98% of investment, but they just can't get the last 2%. The thing is, they are all followers: Never would they be able to recognize the next Facebook, because it doesn't fit their pattern, whereas their pattern matching has to look out for startups that don't fit their pattern. How do you become a 2% VC? You have to have been a successful startup founder before. Otherwise, you just don't have the understanding of building the future. The 98% VCs got there from studying business to working at McKinsey, to being an Investment Analyist. Yeah they can do fine by investing in proven startups, that have been done before, but they'll never get their 50x-100x, because they can't predict the future. So if you haven't been a founder before and you want to be a VC, please quit your job, stop wasting everybody's time and money, start a company, and come back as Gandalf the White.