[mywittyname]

> Venture capital seems to be more and more invested in entertainment, lifestyle, and content creation rather than deep technological and material innovation.

We've reached the maturity point in technology where innovation isn't really necessary for a successful business. It is possible to build a successful, scalable site/platform using commodity engineers. A team of three or four competent engineers should be able to put together a backend platform in AWS to support a site and a few mobile apps in six months.

The difficult part today is the actual business. These people are smart to get into VC, since they understand the hard part and can afford to pay for the easy part.