A question for VCs

I’m reading a post by Joseph Ansanelli assigned for my entrepreneurship class. An excerpt reads:

At the end of the day, venture capitalists want to invest in great teams going after billion dollar markets through which they can return 5-10 times their investment. If you cannot convince a venture capitalist that your idea will achieve these results, then trying to raise venture capital is an exercise in futility.

VCs only want to invest in startups going after billion dollar markets? Is that true?

Notes

shiv53 answered: There are a lot of billion doller markets and you are only expected to capture a small percentage of them.
caterpillarcowboy answered: I reblogged with an answer, but the direct answer is no, not strictly, but the market must be big enough that you can get a large enough exit
caterpillarcowboy reblogged this from whitneymcn and added:

That used to be true, and scares the shit out of VC firms where it still is true. The math has everything to do with how...
bryc3 answered: No. At least not at the seed or series A round. We inest in markets that are hard to define, let alone quntify in terms of hard dollars.
giantrobotlasers answered: VCs are sheep. They want to go after what other VCs are going after. That’s true for 95% - with the last 5% making up the interesting ones
whitneymcn reblogged this from chewablevitamins and added:

IANAVC, but it seems to me like...is painting with pretty broad brushstrokes there. While...
robinsblog reblogged this from chewablevitamins
david-noel answered: Sorry I don’t have any input but would love to see the answers you get
chewablevitamins posted this

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