this is compounded by young, newly rich tech workers (no kids, no mortgage, maybe not even a car) experimenting with being a VC because they've recently reached accredited investor status.

and it's not just ZIRP. every recent IPO or liquidity event creates literally 500 more of these guys.

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LargeWu 3 hours ago | parent | next [-]

They say Silicon Valley was more of a documentary than a comedy, and now we have one more way life imitates art: A growing army of Erlich Bachmann's.

	▲	jasonmp85 2 hours ago \| parent [-]
		[dead]

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adamkf 2 hours ago | parent | prev | next [-]

> maybe not even a car

Hold up — one can be mature without any of those things, but cars are especially optional.

	▲	nipponese 2 hours ago \| parent [-]
		maturity has nothing to do with it. these are recurring expense liabilities with very very distant return horizon.

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necubi an hour ago | parent | prev [-]

Those would be angels, not VCs. VCs manage outside money.