This isn&#x27;t what we&#x27;re talking about here.<p>It&#x27;s not about seeing where the market is going (which frankly is impossible and is really just trying to catch and ride trends) - but rather about knowing which companies and projects will definitely fail.<p>Creating a portfolio is getting rid of the NOs and investing in the MAYBEs. And if you can&#x27;t properly vet the engineering and technology that a company has, you can&#x27;t tell that it&#x27;s going to fail. The massive amount of companies that still get checks for an impossible or just bad product clearly shows that these VC firms dont have the right process, talent or method to accurately judge companies.