Yeah, I when I thought about it I realized when I say "SV VC" I mean probably only the top 10-20 firms or so - the "top tier" or whatever, Sequoia, Accel, KPCB, Benchmark, etc. (highly subjective but you get the idea) - and I think those guys tend to do OK, and it has been mostly the same ones my whole time in tech (~10 years), and I know many go back considerably before that.

I meant that a lot of those people are down with the land-grab now / rent later model.