Why VCs Aren’t More Brave

Matt’s Homepage | MattMaroon.com

"The proper answer to any question as to why people behave in a certain manner is almost always “because they are incented to”. It’s not that they are stupid or irrational, or even just missing something. It’s that the rules of the game make them. So look at a VC’s incentives and you’ll see why they behave the way they do."