When even VCs bat .200 and the best ones .300, how is Joe Public going to pick startups? This is contrary to my own free market views to some extent, but just

When even VCs bat .200 and the best ones .300, how is Joe Public going to pick startups? This is contrary to my own free market views to some extent, but just because we allow Joe Public to dabble in other financial products that maybe deleterious to him doesn't mean we should allow him to invest in the next startup. For every good startup idea and team out there, there are plenty of bad which are more the rule than the exception.