this article makes the good point that the mba types who are running vc funds are fundamentally ill-suited for identifying and investing in technology startups. paul graham identified this as true for managers of startups as well; and this is a defining feature of yc--investing in technology people vs. investing in mba types who hire programmers. of course, the logical extension is that the people doing the investing themselves should be technology people because they alone can recognize value in the technology sector. whatever value mba vc types did bring to the table, understanding of business management and such, is becoming less relevant with smaller startups and less money to be allocated.