In his latest essay Why There Aren’t More Googles, Paul Graham writes that one reason is that VCs are waiting too long for startups to have “traction." He suggests that VCs should invest earlier and less money. Paul writes:Whoever the next Google is, they’re probably being told right now by VCs to come back when they have more "traction.”andInstead of making one $2 million investment, make five $400k investments. Would that mean sitting on too many boards? Don’t sit on their boards. Would tha...