Arguably this is classic VC maths, bet on many companies and the few that succeed will succeed enough that the rest don't matter. YC does the same thing at the

Arguably this is classic VC maths, bet on many companies and the few that succeed will succeed enough that the rest don't matter. YC does the same thing at the very early stage, A16Z and Sequoia do the same at later stages, and arguably Softbank made their money doing the same thing at a later stage again, although all the lines are a little blurred.