Interestingly, this mirrors the kind of thing that has been happening in finance, especially in private equity. Normally, you start out at an investment bank, do two years as an analyst there, learn the basics, then make a choice whether you want to stay in IB or move to PE (or somewhere else).

Eventually, PE started recruiting earlier and earlier to the point where they were hiring college graduates for two years in the future who hadn't even started their IB role. Obviously, these people don't even know what they like doing, and you have no idea if they are any good at their job.

The end result was Jamie Dimon of JPM slamming his fist on the table to knock it off. This has led other banks to follow suit and major PE firms to commit to stop recruiting this early. At least for now.

But it seems that something similar is now happening on the VC side.