A VC knows that out of 20 investments: 10 will go to zero. 5 will return the money. 4 will make decent returns. 1 will be a unicorn. And that is why VC funds n

A VC knows that out of 20 investments: 10 will go to zero. 5 will return the money. 4 will make decent returns. 1 will be a unicorn. And that is why VC funds never fail! Except ~25% of funds don't return anything to their investors, so no it's not.