Whats wrong with funding a company that has the potential to reach 100M?
Nothing is wrong with doing such a thing. It's just not the business most Silicon Valley VCs are in. VCs are in the business of taking on large risk in pursuit of a large return, not taking on small (or medium) risk in pursuit of a small (or medium) return.
You don't get mad at a butcher because they're in the business of selling meat and not vegetables. Same thing here.
Nothing is wrong with doing such a thing. It's just not the business most Silicon Valley VCs are in. VCs are in the business of taking on large risk in pursuit of a large return, not taking on small (or medium) risk in pursuit of a small (or medium) return.
You don't get mad at a butcher because they're in the business of selling meat and not vegetables. Same thing here.