The ability to separate the wheat from the chaff is a sign of intellectual maturity. Thus, discarding the wheat because you can’t bear the chaff does not punish Mr. Whitman; it punishes you.

"The wheat will get separated from the chaff," Khosla told the BBC, adding that "not-so-good Indian start-ups" will go kaput this year, resulting in fewer but larger start-ups. The Silicon Valley ...