Many Dumb VCs are Lucky Second or Third Tier Early Employees of a Unicorn who got lucky and made a bundle. They now portray themselves as “experts” by throwing the name and weight of their Unicorn. Their knowledge base is still of a third tier employee. To hide their inadequacy, they will act a bigger SOB.
Andy, your post is also a warning to the Entrepreneurs to be diligent . Caveat emptor! See Entrepreneurs-are-you-marrying-a-partner-or-a-rapist