[larrys]

Leone then told Arrington, “You’re joining the abundant side of market, instead of the scarcity side of the market…Why you want to join [the world of venture capital] is beyond me.”

Because by being a VC not only is someone else doing the work but you are spreading around risk over many possibilities rather then investing years in 1 idea you have.

And of course it makes sense which is why many successful entrepreneurs after their one or two hit wonders go into investing and don't start another risky business. They only need 1 hit to stay on top and can have many failures in the ideas they invest in.