Is The "Traditional Venture Capital Model" Broken (continued)?

I got a call yesterday from Miguel Helft, the reporter at the New York Times, who wrote the original story about Sevin Rosen that prompted my first post on this topic.

He’s doing a follow-up story on the subject and wanted my perspective. Since I had already provided that (my perspective on his story) to the world on my blog, I was pretty careful in my comments to him. I don’t want to be perceived as taking a shot at one of the great firms in the history of the venture business. I hope my comments come across as properly respectful.

But I do think that one person’s "broken market" is another man’s "land of opportunity". And that’s what I tried to convey, both in my post and my comments to Miquel yesterday.