[anamax]

> How many companies got shit term sheets because Perkins had to finance a boat that can never be fully enjoyed?

Probably none - VCs invest very little of their own money.

More to the point, who cares it can be "fully enjoyed"? Not to put too fine a point on it, but I don't get any benefit from how much someone else enjoys something.

I do, however benefit from the development and practice of amazing technology. Heck, I benefit from folks who do honest work on something that someone else values enough to pay for with their own money.