Venture Capitalists are so overrated

They think so highly of themselves. And always eager to spread their expert knowledge on Twitter in politics, medicine, sports, entertainment, you name it. They are just so full of shit. If you look at the tech industry now, 95% of market cap, revenue, earnings are dominated by 5 companies that took very little to no VC funds- Facebook, Apple, Amazon, Google, Msft. Over the last decade, despite hundreds of billions invested in startups by VCs, nothing has come even remotely close to unseat them (the one that is close is TikTok, which has Chinese investors). VC investment is full of abject overhyped failures like WeWork, Robinhood, Clubhouse, Opendoor, Peloton, Lime, Uber, Lyft, Instacart, Katerra, Quibi, Magic Leap etc.

TL;DR: VCs don’t know anymore about the tech industry than any random Blind poster