With all the talk of how there must be something to new tech because of the VC money that is being funnelled into it, it's worth revisiting the insane misalignment between VC's incentives and what the rest of us are looking at.
Especially when analysts throw out incredibly optimistic estimates for the future of a technology, the expected value of a 0.1% chance of success in a potential trillion dollar market is a billion dollars, so of course it makes sense to have a stake in that, backed by a properly diversified portfolio.
