I live near Chicago. Some of the VC deals that the big name genius trader I referred to had already collapsed on him in the late 90's, when the economy was still booming. Human nature does not change, and I'm sure alot of people with new money will look to invest some of it in VC. Over 95% of them will get burned and learn their lesson... Then new fish come in to their place and the cycle repeats.
Also, if hedge funds do interest you, I'd strongly advise sticking to funds with at least 5 years of consistant, strong performance and high AUM. My best hedge fund investment has been Perceptive Life Sciences (Edelman), doubling my capital over the past three years.