Interesting to see that a VC with strong ties to the Boston area, Charles River Ventures is rebranding as "CRV", presumably because they want to be considered a hip SF area VC and that a name that ties them to the east coast is somehow problematic. What's in a name? Does it really matter that much?
The other thing that I have a huge problem with is that while they might have better luck fishing in a pond that's over stocked, the idea that there are a "finite number of change-the-world entrepreneurs" sounds like one of those misguided predictions from the turn of the 20th century that claimed that everything that could be invented had been invented. Do they really believe this? Seems strange to me.