An article from a Wharton conference about venture capital quotes a number of venture capitalists talking about how they actually do some due diligence now; whereas before they were just investing willy-nilly. They talk about how they actually get to ask questions to the company before they invest. Well, it's about time someone thought to do that. You'll also be happy to learn that venture capitalists have also finally discovered what every student learns in their very first finance class: diversification is a good thing. It's not good to invest your entire fund in the same type of companies. Apparently, these venture capitalists all went to the same school of thought as everyone who invested all of their retirement savings in Enron.