And that, as they say, is that

Goodbye, NITI, hello, IBM!

For those just joining us: I founded NITI but I don't work there anymore.

However, I can now safely say from firsthand experience that while some people are demonstrably evil, at least some VCs are actually not. I suppose anti-VC sentiments are a form of racism; evilness and incompetence are traits that turn out to be independent from VCness.