Another startup flea market rears its ugly head with Draper Fisher Jurvetson Partner Don Wood confirming “You never know what you’re going to find.” Really? If you shop at a flea market of cheap risk what do you think you will find?
This time it is spray-and-pray Dave McClure with his startup demo days trying to win the fastest gunner medal, err “super angel” medal. Let’s all just stick our heads in the sand and forget that subprime risk can only deliver subprime returns. And pick up some Startup America money while you are at it, so we can all glow in the dark side of VC positivity.
The subprime Venture maelstrom is spinning and spinning, like it never has before. Get ready for a very rough landing.