Sequoia's Roelof Botha warns that another greed cycle is brewing in venture capital, where less sophisticated investors are at risk of getting hurt. This echoes previous cycles, where greed and speculation led to catastrophic consequences for investors and startups alike. Botha's concerns highlight the need for increased vigilance and accountability among venture capitalists. The question remains whetheegulatory bodies or industry-wide reforms can prevent such cycles, and how they can be addressed before it's too late. As the landscape of venture capital continues to evolve, it is essential to prioritize caution and responsible investing practices.