[rubyalex]

You can do this once, but rarely ever twice. The world is surprisingly small and word gets around quickly when you take that "free ride" at the expense of the people funding you. Besides, it's different from 1998 in the sense that VCs are placing more money on later-stage startups than seed/A-stage startups.

[ArekDymalski]

>You can do this once, but rarely ever twice

I wonder how does the career of Kevin Rose fit into this. Perhaps I don't know something, but I've got a feeling that despite he didn't create anything successful since Digg, he enjoys a nice career. I'm not suggesting that he is a free-rider, but his example suggests that SV decisions aren't that optimal.