VCs aren't oracles, but they're invested on 5-10 year cycles. Moreover, big VCs are always in multiple funds at once, so one is beginning while another is halfw

VCs aren't oracles, but they're invested on 5-10 year cycles. Moreover, big VCs are always in multiple funds at once, so one is beginning while another is halfway through it's life. So even if you think they trade more on reputation and influence than actual value, I think it'd be incredible to claim that they're totally divorced from actual value creation.