It's not about the lack of startup projects, it's the lack of genuine unicorn projects that pays for the other 19 companies that fail in their portfolio along t

It's not about the lack of startup projects, it's the lack of genuine unicorn projects that pays for the other 19 companies that fail in their portfolio along the way from MVP to IPO. Everyone has ideas for companies that can be worth millions. But the current orthodoxy around VC economics balk if your game plan is to be a 50M sale. Either you make the big time, or you can be a tax write off when you fail. A "moderate" success won't pay the Limited Partners back at the end of the 10 year vesting cycle the billions the put in at the start.