It feels dismissive to write this, but:<p>Every VC I&#x27;ve ever talked to --- middle double digits over 3 different startups --- has told me this story about how they&#x27;re not looking for &quot;10-baggers&quot; or &quot;unicorns&quot; or whatever it is they&#x27;re calling them these days. They want to invest in founders, trust that a good team will come up with ways to make money if they just stay out of the way, &amp;c &amp;c zzz.<p>The fact is that the economics of venture capital pretty much depend on most&#x2F;all of a portfolio&#x27;s investments having some shot at becoming outlandishly successful. The winners have to pay for the losers.