No, the returns aren't there to make infrastructure investments attractive to VCs.
A software startup can exit at 10x, an infrastructure investment won't.
A software startup can exit at 10x, an infrastructure investment won't.
Other than than all true. Telecoms infrastructure is an utility play, steady long term returns. Something pension funds like, but they on the other hand don't like risky startups, so it's a challenge to get funded until you are established and have a solid track record.