VC as Insurance Policy and Lottery Ticket

and I know exactly how I'm going to do it. Yeah, I love this topic. I, the reason I invested this stage is because I think that the model is both an insurance policy and a lottery ticket. What I mean by the insurance policy is, and you can see this math done by tech stars and those guys from, you know, a couple

of decades ago, and you see it playing out with YSE and others, when you invest in more than 150 companies, your chances of not having a big company, a unicorn company or something larger goes down dramatically because of the diversification. And so the other

thing that happens though, when you have 150 companies is your downside starts to raise your chances of losing all of that money go to zero. So what you end up with is something that looks