Most of this is noise; the fact that venture capital returns follow a power law is just an observation, not an unconditional dominant force.
The control of decision quality and disciplined investing can mitigate or amplify the impact of this distribution.
A capital preservation strategy, like that of a Swiss family office, focuses on due diligence to minimize exposure to the distribution's extreme tails.
For example, carefully structured co-investment agreements for specific Swiss tech companies in the Crypto Valley are more relevant than the macro statistical form of returns.