Preet Anand Thanks for your thoughts. Maybe I was took too much liberty with my metaphors…but what is writing for. I was also riffing on Bryce Roberts point that maybe we are hitting the limits of the traditional VC model. He noted the rise in seed funding in last few years but still the problem of “too much money chasing too few ideas.”

So the solution to me is to look for more ideas. This is where I do not understand your your distinction between Venture Capital and traditional investments. All investments are a guess on value in the hope of growth and scale.

My point is in every industry, from plumbers to arborist someone who has no connection to Silicon Valley it has come up with an awesome B2B or SaaS solution to problems we do not exist. These will be niche markets but they are huge markets.

So this is where I don’t get your point. Let’s introduce a new metaphor: poker. I am not a player wants to go all in on the first hand. I like to evaluate risk, look for opportunity and grow my pot. Sure if my stack to pot ratio is right and I am sitting on a decent hand I may throw a bunch of chips in, but I would rather play one blind at a time.

Based on Bryce Roberts point we have too many players at a table playing for only six hands that matter. Why not think about capital in same way. Bet on every hand where you can take a little each time rather than jumping in a community pot where everyone wants a piece?