Exactly how and why many venture capitalists misjudge the opportunity for innovation, false positives, and false negatives abound.
Technologists can build technology; the real question is whether the new normalization of evolutionary truth makes sense and is timely. Technology being the consequence of the normalization of truth as innovation’s most worthwhile cause.
From Venture Capital needs a reset, my message to LPs, published November 19th, 2009.