So many folks in the venture capital business are sheep that just want to follow the herd. They are momentum investors purchasing highly illiquid investments. That is a recipe for disaster.

Venture capital is about capturing the value between the startup phase and the public company phase.

Many of the best firms historically in venture capital have been multi-sector.

You say: "I have lots of great ideas, but I have trouble figuring out which one to try. Let me tell you about a couple." Investor thinks: "I want to know which idea you're going to kill yourself trying to make successful, not which ideas have crossed your idle mind."

There are not many people from top-tier venture capital firms who are focused on the seed stage.

You say: "I'm a blue sky thinker." Investor thinks: "You have no business model, and you don't know how to ship."