hot take but i believe that “venture math” is based on bad assumptions, bad advice and poorly run companies

making data useful with AI. Previously built @stelo to keep you safe from phishing 
benscharfstein.twitter
https://nf.td/ben

To elaborate, I really mean that I think it’s possible to invest in technology companies that aren’t billion dollar opportunities and still make money.

Requires very different entry prices and responsible growth / spend after that

Yes that too. If every investment is EV positive you profit.

Why entry price and not % of investments successful? Assuming decrease in cost of building businesses?

For years the way that people showed that they had a “successful” business was to show customer growth and revenue growth. A lot of it was with the use of VC money as incentives. 
Only recently have bootstrapping and margins come into the conversation and become popular and interesting for investors and operators.