It's almost impossible to have a different VC model though. If you want to remove the variability in your outcomes, you have to do substantially more due dilig

It's almost impossible to have a different VC model though. If you want to remove the variability in your outcomes, you have to do substantially more due diligence on each investment and decline a lot more. When your model depends on each investment doing okay instead of a few home runs, there's a lot more pressure on each investment to not fail. Eventually this forces you to only accept the least aggressive plans and you become a bank.