- Can the market really decide whether the VC value-add is worth it? Seems like it would be hard to measure, and that a lot of the information would not be public.

- If the bottleneck for VCs is board seats, why hadn't VCs already stopped taking board seats? Surely they thought of this. Implicit collusion? Entrepreneur ignorance?

- What, would the "mouse skins" analogy from the SS talk have been too distracting? Alas.