[thenanyu]

VCs generally expect some small single digit % of their companies to succeed and return the fund

If 90% of the companies fail or are outright fraudulent it doesn’t really matter

[scarface_74]

And how many of those “succeed” by creating good products compared to just being acquihires where after acquisition you soon see a blog post about “our amazing journey”?

[thenanyu]

Single digit percentage, like I said. Often low single digits