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Most founders are humbled. This is normal and not new.

"50% of VC investments are 'impaired' (they lose some or all of the investment.

20–30% of the investments are,to ise baseball analogy, singles or doubles.

10–20% of investments are home runs.“ 25iq.com/2019/06/08/sec…
"We see ~ 3,000 inbound referred opportunities per year. There are about 200 of these startups a year that are fundable by top VCs. … about 15 of those will generate 95% of all the economic returns … even the top VCs write off half their deals.” @pmarca a16z.com/2014/07/21/a-d…
Venture capital funded businesses have always been a relentless humility generating machine. Creating humility is inherent in the venture capital process due to the failure rate.

"There's nothing new to see here on the humility front. Move along."

Chart by @benedictevans
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