That's normal. A real VC will get a mega return in 1 or 2 of those (which I believe they have) to pay for all the other "failures".
Just went to see if nostr:npub1mutnyacc9uc4t5mmxvpprwsauj5p2qxq95v4a9j0jxl8wnkfvuyque23vg was a part of Ten31 portfolio and indeed it was! Scrolled the list of companies/software they invested and what came to my mind is how can I short this fund ? 😁
That's normal. A real VC will get a mega return in 1 or 2 of those (which I believe they have) to pay for all the other "failures".