Yeah I don't think you can do non-VC VC because you need to have good odds of the crazy return. You can do non-VC investing, but you have to take far smaller r

Yeah I don't think you can do non-VC VC because you need to have good odds of the crazy return. You can do non-VC investing, but you have to take far smaller risks in order for the far smaller returns to be OK. If I need to make 10x over 10 years there are a bunch of ways to do that. 1. lose nothing, make 25% a year, every year 2. lose nothing, make 10x on a single investment of 100% of the fund 3. lose nothing, make 90x on a single investment of 10% of the fund 4. lose everything except a 100x investment of 10% of the fund 5. lose everything except a 1000x investment of 1% of the fund 6. lose everything except a 10000x investment of 0.1% of the fund Most VC exists somewhere between 3 and 6. This "build the cashflow and business fundamentals" strategy probably exists more in the region of 1-2 and maybe up into 3 a little bit.