No, of course not. The reason VCs exist is because the expected return on investment is positive. But the reason the returns on those $250k investments is so

No, of course not. The reason VCs exist is because the expected return on investment is positive. But the reason the returns on those $250k investments is so high is because so few people have $250k to invest in something that only has, say, a 1% chance of returning 312x.