I don't think that stat is too worrying. Remember, we're not talking about actual success yet, just that people manage to raise more money. In general the sta

I don't think that stat is too worrying. Remember, we're not talking about actual success yet, just that people manage to raise more money. In general the startups working on crazy-ambitious ideas do manage to. Maybe not from VCs, but at least from angels. We definitely don't turn down people because their ideas seem over-ambitious. Nor do I think we ever talk people out of them. We like ambitious ideas. At most we get founders to think about what to launch first. But they should keep the big idea in mind-- not just as something to aim at, because investors want to hear about it. The sort of risk I don't want to stop taking is not a risk on ideas, but on people. E.g. I don't want to stop accepting young founders, who tend to have a sharply bimodal distribution of outcomes.