I wasnt quite sure what the point of the article was, but if the author is a VC, his job is to turn his LP's money into more money. If it is a seed fund, the o

I wasnt quite sure what the point of the article was, but if the author is a VC, his job is to turn his LP's money into more money. If it is a seed fund, the only way for him to fulfill his obligations to his investors / do his job is to invest in companies with 10x potential, most of which will fail. His goal is to generate a return of 15-20% a year for his investors, and his strategy is to bet on 10x companies with expectation that most of those will be 0x so ultimately it is greed driving all this (wanting uncorrelated above-market returns), but VCs aren't making 10x -- if they're lucky and good, most funds will make 2-3x overall over a 10 year period -- which is what youd get if you bought S&P 500 index funds 10 years ago