And are willing to fund 9 failures… nobody else will do that and it’s impossible without gunning for the 10x return.

This is oversimplified at best. Not all VCs are created equal. A broad-brush characterization like this removes any incentive for VCs to behave well (if everyone will assume the worst of you, why bother trying to build a good reputation), and discourages entrepreneurs from vetting their investors (why bother, if they're all equally bad).