After I published last week’s column, which said limited partners were still pissed off at venture capitalists for misplaced bets made during the funding boom, my phone buzzed with a string of texts from a prominent venture capitalist.
“LPs propagated all of this.”
“They are just as accountable.”
“Who gave Tiger all the money?”
It’s a fair point and one that left me wondering: Who is to blame for venture capital’s bloat?