However, now that great success has been achieved the herd is following. Herds are contrary indicators. Folks who want to be part of the next set of visionaries need to figure out the deficiencies in McClure's model and create new models of VC/entrepreneurship that address those deficiencies just as McClure, pg, and others created new models to address the deficiencies of the old VC models.
This isn't saying that this new model is bad, it's just that it's becoming saturated with people following it and there's definitely a degree of myopia setting in. Again, not a bad thing, it's just human nature to try to replicate success based on past successes. The problem is everyone know nows what works and tries to do the same thing leading to hypercompetition which eliminates real profit opportunities.