Apologies to my many VC friends. I don’t mean to insult or disparage you in any way. You’re all not only brilliant, creative, and successful individuals, but caring and generous people (well, most of you.)

The reason venture funds chase after startups in the same few trendy sectors is not a problem with the individuals. It’s a function of the way the VC system works. Despite all the talk about innovation and disruption, the venture capital system encourages industry-wide groupthink. READ MORE