I am not confident that I understood you in full, so am rephrasing what I am understanding: 1. Given the experience VCs have, having seen much larger number o

I am not confident that I understood you in full, so am rephrasing what I am understanding: 1. Given the experience VCs have, having seen much larger number of startups than a common founder, some validation of the startup's concept and also the founders' rationality quotient already comes from a money raising event. 2. Success statistics are very different if you include vs. not the startups that are unable to raise money. A startup that is unable to raise funding is probably not even getting included in the statistics, even if the founder may loose all his savings into it to consider it a failure. 3. I follow your point about optimization for getting big. Thanks