Interesting, in the context of this discussion yesterday on lessons for VCs from the industry in the 1980s [1]. Why risk so much looking for the one unicorn in

Interesting, in the context of this discussion yesterday on lessons for VCs from the industry in the 1980s [1]. Why risk so much looking for the one unicorn in a hundred when we can achieve a 500% roi focusing on cashflow [2]. "The VC community is purposely avoiding risk because we think we can make good returns without taking it. The lesson of the 1980s is that no matter how appealing this fantasy is, it’s still a fantasy." [1] https://news.ycombinator.com/item?id=9129911 https://news.ycombinator.com/item?id=9129911 [2] Not that I'm necessarily disagreeing with that as an investment strategy. As I noted in that other discussion, this is a field where I have limited experience.