>Felix Salmon is a journalist.
Exactly. Not being a successful VC does not preclude you from criticising a successful VC.
Exactly. Not being a successful VC does not preclude you from criticising a successful VC.
Sure, he makes good points, but I'd take this type of critique a lot more seriously if a successful VC said it. Journalists are good at writing and doing a job of disseminating information. Given their role, they will never be completely accurate when it comes to making predictions of an industry in which they are often on the periphery of "the trenches".