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This is similar to a comment I made recently. Somehow the last decade of business media riled up by VC money has focused on disruption, us vs them, go big or go home, growth at all costs etc.

I firmly feel this does not make for a healthier society.

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VCs have to swing for the fences and hit out of the ball park. Typically half of their investments tank. So the occasional big hits have to pay for all the failures too. Otherwise their investors will just take the safe option with mutual funds, bonds, treasuries, etc.

They could always try to get better at picking winners

Despite many generations of trying, nobody has figured out how to reliably pick the winners. I suspect that doing so is legitimately impossible.

Over the past decade, a lot of these haven't been "hits" at all, except for an IPO bump. WeWork, Uber, Doordash....these have taken in investments on par with some nations' GDP, and are massively unprofitable.

VCs may need to swing for the fences but they're engendering market failure by concentrating so much capital and media hype into these boring sectors.

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