[scarface74]

VCs are not able to “pick good startups”. They diversify and don’t care if nine out of 10 fail.

For every one person who got lucky and think it was because they chose well, there are nine you never hear about.

[zwily]

One out of ten odds are also much, much better than the lottery though.

[scarface74]

“Success” means that the VCs get their money back and maybe make a decent profit and even the founders might make some money. It says nothing about you as an employee making money.

I wouldn’t want to spend years of my life on a 1 out of 10 chance.