"The last 10 to 20 years you’d think that it has been all about VCs making money, because that’s all we hear about. But really it is all about VCs failing and failing to return capital and being f**king idiots. VCs are stupid. They are absolutely stupid. Does anyone want to challenge that statement? Does anyone think that VCs are not stupid?"
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Source : "Dave McClure is ripping VCs again: They’re f***ing arrogant and stupid a**holes" By John Cook, www.geekwire.com. August 22, 2012.