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Re:Why I turned down my Y Combinator interview by tptacek on Thursday March 21, 2019 @06:27PM (#19457971)
I don't disagree with that diagnosis but think that's more a question of how money within the VC sector is allocated, not how much money is being allocated to VC in the first place. Like you, I see a lot of money going to people wearing cargo shorts and brightly colored sneakers and then getting plowed back into the startup casino. I'm just saying, that money used to go to country club investment bankers; it didn't --- at least until recently --- get diverted from the broader economy.

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