What is interesting here between JC's style/outlook and DHH's style/outlook is:
1. World recession is decreasing capital exits, investments, etc..DHH's outlook wins
2. Increasing amount of college graduates have college loan debt loads..DHH's outlook again wins
3 SV in recent years has been more focused on get there fast(money) but screw the product quality or customer quality..
I see JC and DHH representing both what VC/angels have in the past make possible represented by JC as opposed to the new way DHH's.
I think in the long term, 10 years out, that VC/angels will be gravitating towards DHH's way rather than the old way that from 1980s until now led the VC industry.