[Idiot_in_Vain]

dmitriid, you seem to not understand the simple fact that if one of a hundred startups an investor financed turns into a big success he can make big profits overall, despite 99% of the companies lost him money.

[dmitriid]

That literally means "no expectation of profitability". Also: https://news.ycombinator.com/item?id=35012114

[bryanrasmussen]

sure, no expectation of profitability on a single investment, expectation of profitability by distributing investments over a large amount of companies.