I love this illustration for how venture capital works: https://signalvnoise.com/posts/3972-reconsider https://signalvnoise.com/posts/3972-reconsider You try a

I love this illustration for how venture capital works: https://signalvnoise.com/posts/3972-reconsider https://signalvnoise.com/posts/3972-reconsider You try a lot with potentially catastrophic results, to get that one unicorn (and 10 failures).