[jamesaguilar]

I think what he's saying is that if you can act like this guy does, you can probably make a lot of money without ever having a decent shot at providing the value. And that VCs will continue paying you for the act.

Or he could be saying that if you can come up with a move clever way of investing that avoids projects like these you may be able to be a better VC firm than the ones that currently exist.

Or maybe something else.