You are thinking from the perspective of an individual investor. For VCs, this kind of return is abysmal since it won't cover the 7/10 companies that went completely bust. In order to VCs to take high risks on early stage companies, they need the winners to return 100x so the fund even makes financial sense. It's one of the main reasons why VCs constantly push startups for hyper growth.
This is certainly better than losing the investment completely but I can't imagine the investors being too thrilled about this outcome.
This is certainly better than losing the investment completely but I can't imagine the investors being too thrilled about this outcome.