I once had a chat with a VC bag man...

He said their policy was to invest in a 100 startups in the hope that one would go viral.

The sooner the other 99 died and stopped bleeding the happier they were.

Go big or die soon was their policy.

If the 1 went viral, they'd make back all and way more than they lost on the 99.

The fact that 99 founders were broke and broken didn't bother them at all.