We are seeing the downstream effects of this new theory/approach on fundraising by venture firms. Increasingly funds are raising sidecar funds / growth funds that allow them to infuse massive amounts of capital in their best early-stage portfolio companies, to avoid being diluted by a huge investment from another expansion-stage firm. Many venture firms are evolving into full-cycle financing partners from seed to Series X. Sequoia is probably the best example of this right now with their $8 billion global fund.