The VC bloggers have been discussing alternate funding models for a while, but this story from the New York Times on Sevin Rosen Funds giving back $250 million to $300 million to investors is more than just punditry, it’s walking the talk…

“If we really believe that there are fundamental structural problems in the venture industry, should we raise our fund and just hope that the problems will get better?” the firm wrote. The answer was no.