Great post from VC partner Eric Paley, on the trade-offs for a founder looking to turn their business into a "unicorn". The key point he makes is VC investment is like a form of financial leverage, increasing a founder's potential returns if the business is successful, but also increasing losses if things don't develop as hoped. So, more potential reward but also more risk. Naturally, founders are optimists, but the lesson here is that they also need to understand what risks they are taking.