One nuance that I would add to your thinking. In the VC's eyes "right for the business" really means "swing for the fences." In a VC's eyes, taking risks that

One nuance that I would add to your thinking. In the VC's eyes "right for the business" really means "swing for the fences." In a VC's eyes, taking risks that will kill a business 85% of the time but give 30x returns the other times are probably doing "what is right for the business" because of the structure of how they invest. In VC land, the big big wins pay for everything else. In that case, I would argue they should be strongly in favor of cashing out founders nicely when a business takes off. It is much easier to swing for the fences when you're not worried about striking out.