That said, your post does imply that the weak returns of the VCs last decade lend your approach merit when you point out their weak returns and then say:
"to be more specific: if we look at the #'s, on average it's more likely that high-volume, spray & pray investing -- which i will going forward refer to as "a quantitative investment strategy" -- is likely to be successful than a "focused, low-volume" investing strategy."
(Of course I assume you measure success by expected value, not the chance of being in the black after a small number of investments)