The sad truth is that they are in it for the money, right? If the market is rewarding me-too mobile apps, then by Christ that's what they'll fund, because that

The sad truth is that they are in it for the money, right? If the market is rewarding me-too mobile apps, then by Christ that's what they'll fund, because that's where the money is. Why fund a cancer drug or space company or whatever when there is no clear case that that is going to make a good ROI (or succeed at all). The perception is that VCs are the money-men behind startups that change the world and make everything better and create value and value. The reality instead is that they have to make money and pay for themselves too, and the surest way to do that is to bet on "safe" products and things the market provably wants. It is a great shame that the narrative is that VC-backed startups are the best actors for positive progress--I don't think we could be further from the truth.