That’s not the VC game. These are high risk companies that may never generate a profit. Because the failure rate is so high you need a few outsized winners. Val

That’s not the VC game. These are high risk companies that may never generate a profit. Because the failure rate is so high you need a few outsized winners. Value investing where 95% of your portfolio is generating a 10% IRR doesn’t work. Investor invest in VCs to make money. Investing in companies with VC risk profiles and lifestyle business return profiles doesn’t work.