So let me get this straight… VC money is shrinking essentially because ROI is bad?
Many people think the current VC system is busted. From my very limited vantage point the reason seems clear: lots of money, little return. Or rather there is a power law apparently but really, what is rewarded is a popularity contest.
How to break the cycle? Come talk to me, I am raising an early fund at $10m to sort it all out.