He's now a VC. He wants to diminish the stigma around talent acquisitions. Why? Because that's how VCs get paid in the vast majority of cases.
I am having trouble seeing how this could even mathematically be true. Even given how much easier talent acquisitions are to do, most of the companies in a portfolio won't even get that far. The majority still fail outright. Many talent acquisitions don't even recoup dollars invested; how could they possibly pay for the losers?