If all startups are over-priced, and we are in a bubble, that would mean it is a terrible time to be a VC. Talk to a VC, and they'll tell you they hate the wor

If all startups are over-priced, and we are in a bubble, that would mean it is a terrible time to be a VC. Talk to a VC, and they'll tell you they hate the world right now. More competition for deals and inflated valuations help companies, not VCs. It means VCs get less of their "top" deals and they have to pay more money from them, both bad things from a VCs perspective. And consider a VC that makes most of their money from management fees. This means LPs are literally paying the VC to lose their money. The LPs will figure it out eventually and stop investing, at which point the VC needs to find a new career. Maybe the cycle takes 5 years, but it will happen. VCs want to make good investments as much as LPs want them to.