Isn't high risk by definition what a VC investment is? I'm asking, not stating because maybe my assumption is wrong. I thought VC's look for the high returns which come along with high risk (vs. banks looking to make low risk loans).
[1] In "Proofiness: The Dark Arts of Mathematical Deception", Charles Seife claims that NASA asked GE to calculate the chances of success in the Moon Landing and came out with 5%. http://www.amazon.com/Proofiness-Dark-Arts-Mathematical-Dece...