No, I don’t believe investors will throw bitcoin at silly ideas, hoping that the ideas will stick and pay “outsized” returns. 

A few reasons come to mind:

(1) the fund model is obsoleted by bitcoin — people will just choose to save by buying or earning bitcoin, no need to invest in broad public or private  securities (2) because of this there will not be exits to public market investors like there are under a fiat standard, (3) the current model of “VC” is asset light (think POS) which won’t be valued in a bitcoin standard where people won’t want to part with their precious bitcoin except for TRUE innovation that materially improves their life, (4) whereas most VC companies are geared towards centralizing services which is counter to the way a POW economy will function where local business and communities will be the ones that provide value to their residents, not big government, big tech, big corporate.

Not all inclusive but you get the gist. Further, you can look up data on the performance of venture capital investors for the recent past and the industry is widely missing the mark on delivering the returns their LPs are targeting when they allocate 5-10% of their portfolios to this asset class.

Bitcoin is a savings technology. It will enable people to save their work into the future without investment funds, firms, and services that broadly exist today. It is a monumental disruption to many stakeholders who thought “they” could grow and protect their monopoly for decades to come. Bitcoin is spoiling their party, hard. The shift from our existing paradigm will be significant.