Every time I read the philosophizing of a venture capitalist, it sounds more and more like an indoctrination into how to run your company in the venture capitalist's favor.
If you're a venture capitalist with a portfolio of dozens of CEOs running toward their fear, odds are a few of them are going to crash through and win, and the rest you can just disregard as the cost of doing business.
If you're the CEO actually running toward the fear, it's more of an all-or-nothing thing.