The ironic part is that many of these VCs actually voted the people into power who are now turning on them.
I wonder if Fred Wilson and Marc Andreessen have buyer's remorse today. These SEC appointees didn't fall from the sky, they came from this administration.
http://www.avc.com/a_vc/2008/11/barack-hussein.html
A world class management team. I remember the first debate
I ever watched Obama participate in. He was asked whether
he was a "strong operatating executive." He replied that
he was not "the COO", that he was more like "the CEO". And
then he went on to talk about surrounding yourself with
the best people you can find and then letting them do
their job. He did that with his campaign which was a
masterful thing to watch, he did that with his VP pick (in
stark contrast to the Palin fiasco), and I expect he'll
build a killer cabinet and a killer administration (look
for some picks from across the aisle).
Marc Andreessen: We asked him directly, how concerned should we be that you
haven’t had meaningful experience as an executive — as a
manager and leader of people?
He said, watch how I run my campaign — you’ll see my
leadership skills in action.
...
He’s got my vote.