And, many VCs are sheep wanting to know what other VCs are doing instead of what is likely to succeed. When I went through the rounds at Sand Hill in 2001 before the bust, all they could talk about were pet sites. And I mean <i>all</i> of them talked about it.<p>Another sign that they were sheep was that three or four were definitely going to buy in to my startup, but they all wanted another VC to be the lead VC, which none did. Very frustrating. And this after my previous two startups being successful with IPOs.