[anthomtb]

> he falls for every single "the current thing" in the book. I remember when he was pushing for so much of the crypto stuff and all of that evaporated to nothing

Isn't this what an early-stage VC firm is supposed to be doing? Lots of investments in companies working in whatever the hot new tech may be. Most companies lose, some break even, one wins so big you forget about the rest.

High risk, high reward, high volume is always how I thought of a firm like YC. And one expects a lot of investments to evaporate to nothing for such an industry.