[rib3ye]

this is compounded by young, newly rich tech workers (no kids, no mortgage, maybe not even a car) experimenting with being a VC because they've recently reached accredited investor status.

and it's not just ZIRP. every recent IPO or liquidity event creates literally 500 more of these guys.

[adamkf]

> maybe not even a car

Hold up — one can be mature without any of those things, but cars are especially optional.

[rib3ye]

maturity has nothing to do with it. these are recurring expense liabilities with very very distant return horizon.

[a1o]

Depending on which city you live, my feeling is owning a car is a lot less optional once you have kids, at least in their earlier years.

[LargeWu]

They say Silicon Valley was more of a documentary than a comedy, and now we have one more way life imitates art: A growing army of Erlich Bachmann's.

[arealaccount]

Jian-Yang's

[Esophagus4]

Big Heads

[necubi]

Those would be angels, not VCs. VCs manage outside money.

[rib3ye]

That's a really good distinction. I realize this is a little snide, but I imagine when they look in the mirror they still see themselves as Marc Andreessen.