It's a great question. Should we expect it? I think there are two ways to think about it.

The first is that, obviously, like any human or community VCs are limited by what they know. So, they get a pass (like the rest of us) in that very general sense.

But, the second is that VCs, absolutely, should be expected to have an extra or enhanced window built into their worldview. Their job is to see what's coming – and more importantly, what's needed – and invest in it to make it happen.

Clearly, there are VCs who have done that since day one and a new breed who are now innovating at the edges.

As a group, though, I'd have to agree: lame. These are the people that, as a special type of business athlete, were supposed to be leading us into the future, and, if they've been trading that responsibility in, and enormous opportunity, for short-term profits, and to avoid innovating in a webby world, then no wonder they killed their golden goose.

Sadly, it was the world's golden goose, too.

The upside is that it's a big wake-up call for past, present, and future VCs, and a signal to all that, huh, maybe “we are the ones we've been waiting for.”