With 65% of typical VC portfolios returning zero, mediocre wins don’t move the needle. Entry price is a big factor in determining whether a successful exit delivers fund-level returns.

It’s easy to get caught up in the details — unit economics, customer acquisition costs, retention rates. But sometimes, the most important perspective is the market itself. 

In the unpredictable world of early-stage startups, the founder is the only constant. At the end of the day, it's not just about the idea, but the people driving it forward.