I love it when Venture Capitalists write articles with this claim since they prefer the idea that support from Venture Capitalists is the key to any successful business, not skills, talent, genius, a product, customers or a business plan.

A quick search and replace provides the basis for an alternative article called "Why Sand Hill Venture Capitalists Overestimate Their Own Smarts and Abilities":

> Venture Capitalists believe that they can recreate their successes again and again, start-up after start-up.

> In some ways, Sand Hill is set up to support this way of thinking. If you’re successful financing one company and you were the venture capitalist, you deserve all the money from all the engineers running other businesses in Silicon Valley to go start your next capital firm. After all, who are the engineers going to support? Some failed venture capitalists instead?

Makes as much sense.