> but on the fact that it’s a vibrant ecosystem that invests in ideas even if they might not become a unicorn

Most venture capitalism in the U.S. is basically snake oil. Companies with tenous ideas at best get pumped and pumped until they're dumped and the VCs move on to the next grift. Most recently, it was self-driving cars, then blockchains and cryptocurrencies, and now AI. I'm sure they'll move onto something next soon.