Theranos' Series C rounds came in at under $30 mil across three different investors. That's chump change in the VC world, if that's the price of a lotto ticket,

Theranos' Series C rounds came in at under $30 mil across three different investors. That's chump change in the VC world, if that's the price of a lotto ticket, so be it. If you're a VC who's won the lotto before you likely have over a billion in capital. Pumping $30 mil into 15 ventures doesn't even use up half of it, and if any one of those end up making true on a huge valuation while the others just wander into the desert and die, you'll have made back your lotto expenditures and more.