So, I decided to be totally contrarian today and offer a different view on the value of ideas.
Would love to hear your thoughts on this.
Boringly - I mostly agree with you.
Of course execution matters, but execution won't make an idea better - and bad ideas don't turn into anything much.
Most VCs are not good at evaluating ideas - the classical VC model is a model (lots of smaller bets, a few big wins) designed around compensating for that reality.
Really disappointing is the trend towards VC's pulling even further back into territory they think they can control/understand - the quality of the team - and giving up on improving the selection of ideas. (Not sure it's working.)
I'd attribute the shift to the increasing narrowness of Valley culture - there are fewer different ideas - instead we're seeing ideas focused on a narrow range of turf around existing ecosystems.
Thanks for your feedback! Team Branch