Some spicy takes on venture capital: - Saying that "seed has gotten expensive" or something and then pointing to a valuation - like "they used to be $10 million and now they're $20 million" - is bascially the same thing as people who say Stock A is more expensive than Stock B because Stock A has a share price of $100 and Stock B has a share price of $5. - The market has gotten better at differentiating among startups earlier and pricing accordingly. - Some very big funds will generate…