When investors raise their funds, they pitch a specific model to their LPs. Example: "We're going to invest in a basket of startups whose aggregate value will

When investors raise their funds, they pitch a specific model to their LPs. Example: "We're going to invest in a basket of startups whose aggregate value will be $X billion in 5 years and we will own Y% of those companies at that time." If they can't hit that Y number, they are not doing what they said they'd do.