I think it was the right decision, as said, the result of going mainstream, has started to show, if instinct of more than 1-2 partners say that its better to slow down a bit >> rethink >> adapt then its best to do so. Slowing down won't hurt you in any way.
Perhaps the answer is quality, due to a overshoot of no of companies funded, the quality went down, and then it hit you guys, that 'hey! the last of many haven't been any AirBnB or Reddit' so its better to slow down a bit, and let the levels go up again on it.
"Excessive fishing in a lake can be best balanced by under fishing" that is what this looks like to me.
Perhaps the answer is quality, due to a overshoot of no of companies funded, the quality went down, and then it hit you guys, that 'hey! the last of many haven't been any AirBnB or Reddit' so its better to slow down a bit, and let the levels go up again on it.
"Excessive fishing in a lake can be best balanced by under fishing" that is what this looks like to me.