There's a bit of confusion here with "the law of large numbers". People do win
the lottery, but because it's very rare, only very few people do so. Hard drives
may fail if they remain in use over a very long time, but only a few drives will
remain so.
Accordingly, the "law of large numbers" as you report it, means that either only
a handful of those hundreds of VCs in SV have witnessed inappropriate pitch
behaviour, or this inappropriate pitch behaviour is not rare.
Regardless of the exact quantities, it remains true that an event is either
unlikely to be witnessed, or it is not rare. That an event will be witnessed
even though it is rare doesn't mean that it will be witnessed often.
The law of large numbers doesn't say that rare things happen often, is what I'm
saying. Because that would be an oxymoron, not a paradox (which that "law" is meant
to illustrate).
Accordingly, the "law of large numbers" as you report it, means that either only a handful of those hundreds of VCs in SV have witnessed inappropriate pitch behaviour, or this inappropriate pitch behaviour is not rare.
Regardless of the exact quantities, it remains true that an event is either unlikely to be witnessed, or it is not rare. That an event will be witnessed even though it is rare doesn't mean that it will be witnessed often.
The law of large numbers doesn't say that rare things happen often, is what I'm saying. Because that would be an oxymoron, not a paradox (which that "law" is meant to illustrate).