It seems they have calculated that they make so much money from having that 1 hypergrowth startup in their portfolio that it blows away a dozen total failures o

It seems they have calculated that they make so much money from having that 1 hypergrowth startup in their portfolio that it blows away a dozen total failures or even a dozen moderately successful companies. Tricky part is that companies that have the potential for hypergrowth look awfully similar to terrible ideas that will clearly crash and burn.