That's my point. You should invest your life in something where the value is higher. VCs would rather take a much lower chance at a higher payoff because they spread their risk around more, you cannot do so.
My numbers are hypothetical, but they are not tautological. That's my point- the VCs will take the lower expected payout, whether this is because they are bad at estimating risk or not I cannot say. I can say this is how they operate, because I've seen it, in every single startup that took VC investment.
My numbers are hypothetical, but they are not tautological. That's my point- the VCs will take the lower expected payout, whether this is because they are bad at estimating risk or not I cannot say. I can say this is how they operate, because I've seen it, in every single startup that took VC investment.