> Wouldn't getting 50% on a billion be a harder problem than getting 300% on 100MM.

Seems unlikely. Does whatever you were doing with the 100MM really scale that badly?

When it comes to investing in startups, I think the answer is yes, because there are presumably a limited number of winners

You found 5 unicorns. Can it really be that hard to find 45 more???

You've only gotta find 3 more to hit that 50%, and you get 9x as many tries as it took you to find the original 5. I like those odds, shrug.

Ahh I did the math wrong. I agree now the initial premise is a little silly. Although, don't discount that it will take you 9x the amount of time to spend those resources. So this is going from a 1 year search to a 9 year search. Or, you're building a team and trusting other people, which scales better long term, but not in the short term.