VC puzzle: Not all entrepreneurs can become "Black swan"

The author of the editorial is William Hsu, co-founder of the Los Angeles Venture accelerator Muckerlab, who published his own opinion on the relationship between entrepreneurs and VC. Throughout the article, he thinks VC is more focused on project returns, rather than the dream of entrepreneurs. In the past one months, I have continued to talk to 5 entrepreneurs, and unfortunately their company is gradually dying. Some of them have accepted the truth and some are still struggling with sadness. In the course of the conversation, their tone has lost the passion I admired, but their eyes still tell me one thing: they do not think they are failure. I've built products, I've been in the market, I've been in the company--maybe some people think I'm talking about Muckerlab, but I'm actually talking about my career. Throughout my career, I have never made a decision based on some small probability events. Perhaps I am small: I once doubted whether jobs could bring Apple out of the woods. The people who make extraordinary achievements are not blocked by the numbers that others analyze, they are more through their own passion, mission and sense of responsibility to overcome the impossible. Without these people challenging our lives, our life may be another. But the real world is very contradictory. Entrepreneurs are often considered a bunch of lunatics because they chase their dreams, and the VC that supports them is more concerned with whether the idea can be realized and how risky it is, rather than "dreaming" with them. For investors, they tend to use digital models to optimize their portfolios and maximize returns by diversifying their investments. Because they have money on hand, they are more willing to bet on it if they encounter a rare project, and hope to get a bigger return in this way. So does VC think of entrepreneurs as just a number, a bet or a pawn? For them, is it not important for entrepreneurs to realize their dreams? VC can really get rich by managing money, but for entrepreneurs, they need to empty their wallets, give up a huge paycheck and do a "gamble." From the perspective of the point of view, VC and the purpose of the entrepreneur are very different. VC is not a philanthropist, they have to explain to investors. And their investors are most concerned about the rate of return on the project. This is not to say who is right or wrong, after all, this is a capitalist market. Is there no crossover? Sometimes I try to persuade the entrepreneur to look for the same VC as I do. If they're not content to be a company that's worth 1 billion of dollars, find a VC that wants to win. In other words, entrepreneurs need people around to support their dreams, rather than being referred to by various passers-by. But VC and entrepreneur are not in a peer-to-peer platform, they pay more attention to personal gains and losses and odds, so more people take the portfolio investment. For the first start-up,In their lack of experience, it is difficult to find a VC who will do their best to help them realize their dreams. Many people say the investment climate is not as good as it used to be, and the rate of return is much lower. In fact, the news for entrepreneurs is even worse, because they need the appropriate resources to go to their dreams and struggle. Unfortunately, not all entrepreneurial projects can become VC eyes of the Black Swan. The translator's words: Capital is not a philanthropist, whether VC helps entrepreneurs, or the use of entrepreneurs, everyone is through cooperation and each other. Jump out of personal feelings, as a VC, his job is really how to put his hands of capital, other things for them is not important. But most VC and entrepreneur is an interdependent group, if which side falls, both sides are not good. How to deal with the relationship between entrepreneurs, for VC is indeed an art.