[wlucas]

It's hard to believe credible venture institutions would be upset by these moves. I can't speak on specific deep-pocketed VCs who offer nothing more than cash -- which is not what most startups need. However, firms that offer nothing more have their fodder here to complain here as they'll have to rely on real value also to keep them in play. They'll be forced to step it up. Reminds me of Jay Z's quotes on sports agents:

http://profootballtalk.nbcsports.com/2013/07/12/jay-z-says-h...