In venture capital, landing the best investments early is just as important as avoiding the blow-ups. That’s because the industry is built on the idea that most investments will go to zero, but a handful will deliver outsized returns.

One of the country’s most successful venture capital exits over the past decade was online weight loss business Eucalyptus, which sold to New York-listed health player Hims & Hers for $1.6 billion in February.

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