[mgfist]

> While the top VC players may have earned the respect by themselves being visionary entrepreneurs (once, decades ago in many cases), the rest of the VC market is filled with also-ran investors who have never been practicing entrepreneurs, following markets like lemmings and looking for a relatively quick buck while not even understanding the markets they invest in. When I hear someone is an investor, especially if they're not one of the handful few of well-known investors, I just think to myself "banker". I don't know if it's always been like this, but it certainly feels like it's gotten worse.

Funny you say that because a16z was a top-5 (maybe even better) performing VC in the 2010s and the guy who wrote this article is the Marc Andreessen who created Mosaic/Netscape.

I think this just goes back to the classic "live long enough to see yourself become the villain". I mean seriously, a $350 million round to a company that doesn't yet exist and is led by a bona fide fraudster. Boggles my mind.

[NelsonMinar]

Becoming a villain is a choice. There are plenty of counterexamples in our industry, folks who succeeded in tech and/or finance and didn't go on to make investments in fraudsters and whole industries of fraud.

[mgfist]

Yeah mostly I meant that Marc isn't some Wall Street banker bro, he's was foundational to the internet, silicon valley and modern life.