If the VCs know what's going to happen next, where were their predictive skills when they were pumping all of this money into companies with bad financials/business models in the first place?
What's particularly telling about how absolute fucking bullshit these "Top VC" explanations are is that fact that virtually every single one of their comments is in this abstract, passive voice-- they're all talking about some other company, some other fund. It's never their problem or their mistake. It's full of qualifiers. Be an adult and take responsibility for yourselves!<p>Examples:<p>- "the price of oxygen has increased..."<p>- "the VC's have been saying..."<p>- "the venture community has realized..."<p>- "investors are largely to blame..."<p>- "I won't name [the company], it's one we're not in..."<p>- "to make the business work you have to go deeper into the muscle..." (I don't have enough WTF's for this one)<p>- "A number of companies will fail..."<p>- "I would say will end in unhappy outcomes..."<p>- "There are good businesses..."<p>- "I've heard of companies..."<p>- "Companies have and are doing certain things..."<p>- "you can say that as values get more rational, things will get better..."