Hiding behind probability

The worst kind of behavior for lean-startup VCs investing in deep tech is:

  1. Investing in grand narratives articulated by a serial entrepreneur of a different discipline from the underlying tech his/her startup is leveraging, without properly doing tech DD via experts
  2. Deploying a lot more capital than necessary while arguing publicly that deep tech has always been capital intensive (No it's not. Uber and Spotify are more)
  3. Then when it all blows up, claiming to be just part of the statistics, that startups die and it's normal

I feel disgusted.

Dropbox IPO day closed at $12.4B market cap

Does blockchain align interests better?