[aaavl2821]

And batting .300 is considered good -- high rate of failure doesn't necessarily mean something is bad. The metric VCs are judged on is financial return. If they invest in one company that gets them 200x return and 20 that lost all money, they've still done well at their job

[WorldMaker]

I'm only arguing that the stats matter if you are trying to compare VCs, establish baselines of VC ability. I'm sure that they might be skewed, but that doesn't mean they aren't potentially valuable information.

That .300 is considered good today based on the current environment of the sport and in comparison among peer groups. That same .300 looks shabby in a previous era or in particular sub-leagues or among particular types of batters (your benchmark for designated hitters might be higher given their only focus is hits, for instance).