That’s an interesting thought, I’m not really sure how different the risk tolerance is. If you’re allocating 5% of your fund into a deal I imagine you’d be similarly conservative at both levels as the dollar amount is different but the risk is still the same portion of your fund. If anything the smaller may be more liberal as the multiples are higher in early stage. Both are expected to have failures but a larger VC has more resources at their disposal; A small VC can’t do the same diligence that a large VC with an army of financial analysts can do.