Venture capital, the once indie-like asset class, has gone mainstream. The journey to get to where it is today wasn’t linear. Over the last 30 years, the road was full of highs, lows, booms, busts, doomsayers, preachers, etc.. All of that has led to modern venture capital being the most stable, mature, and repeatable VC model we have ever seen. Ignore its success at your own peril.