Yeah I feel that tends to play out based on what class of VC you are. E.g. seed/angels -> high risk / big portfolio (100s startups) / huge win-loss multiples (

Yeah I feel that tends to play out based on what class of VC you are. E.g. seed/angels -> high risk / big portfolio (100s startups) / huge win-loss multiples (but invest small $) traditional VCs/Seed A-C -> medium risk / moderate portfolio size (10s) / medium win-loss multiples (but invest medium $$) growth private equity -> small risk / small portfolio (singles) / small win-loss multiples (but invest huge $$$) Of course the divisions are arbitrary and some investors put money in all categories, but I feel like the above holds true in general.