[gkoberger]

I think so? They’re all expanding, of course... but none have really changed that much over the past few decades. There’s a ton more VCs than there were a decade ago, but has it really changed as a field? People tweak the formula a bit, but we haven’t seen a shift in the same way YC shifted things. To a lesser extent, pg was one of the first “tech essayists” (now it’s a genre, http://waitwho.is).

I don’t think pg is saying they’re being ignored, but rather that there’s a sense of “yup we figured it out, let’s just iterate slowly on it”.

(I will say I can think of much better examples, but I don’t blame pg for picking the three examples that sum up his entire career. He picked those three things when nobody else cared.)

[leppr]

Cryptocurrency ICOs showed venture funding could be innovated on way more fundamentally than "tweaking a formula". The simple ICO model may arguably have been largely misused, but it kickstarted a lot of promising research and experimentation[1].

[1]: e.g. https://vitalik.ca/general/2019/10/24/gitcoin.html, https://www.zfnd.org/blog/dev-fund-guidance-and-timeline