As it turns out, the numbers are BIG! so a factor of 2x doesn't matter. This is literally how it works. The only thing that matters in venture capital is bein

As it turns out, the numbers are BIG! so a factor of 2x doesn't matter. This is literally how it works. The only thing that matters in venture capital is being in the small number of companies (15 out of about 4,000 per year) that generate 97%+ of the returns. Those can pay off 1,000 to 1. Fiddling around on terms or bargain shopping or refusing to pay up for quality all reduce your odds of being in the winners, which kills your chances of winning as a VC.