VCs act wise as everyone in start-ups gets fired

adding that it is the “second derivative”—the changes in the rate of growth of a company’s sales—that really tell a venture investor whether to back it.

But today there are more people "helping the builders" than actually building, fighting one another in a zero-sum game for allocation in competitive deals. Incredibly, being an investor has become one of the highest status jobs in Silicon Valley — higher even than playing an important operating role at a great company. This has led to an over