and see 10 similarly situated investments fail totally to sell this one company for $200 million 5 years from now. That's the important point. Lots of VCs aren

and see 10 similarly situated investments fail totally to sell this one company for $200 million 5 years from now. That's the important point. Lots of VCs aren't really investing in a company, but are aiming to have invested in the next Google or other large tech company. They are playing blackjack.