I don’t disagree with the article, I believe Blank accurately describes the current vc mindset. I just think he missed an opportunity to point out its pitfalls and in doing so implicitly endorsed overfunding.

My argument is that even as a vc with unlimited funds, overfunding a startup may be suboptimal. You paradoxically decrease its probability of success by misaligning the startup leadership’s incentives at a crucial pre product-market fit development stage.