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This analysis breaks down if the top ten outperform the market after you've started watching them. If that's the case (which for top ten VCs it is), the math su
by coffeemug 11y ago
This analysis breaks down if the top ten outperform the market after you've started watching them. If that's the case (which for top ten VCs it is), the math suggests it isn't a "million quarters" situation.
- msellout 11y agoThat would need to hold for substantially all of the "top" outperforming our expectation of a naive person with the same deal-flow.
- tremguy 11y agoThis.
- fweespeech 11y ago> This analysis breaks down if the top ten outperform the market after you've started watching them. If that's the case (which for top ten VCs it is), the math suggests it isn't a "million quarters" situation. Actually, it doesn't. The top 10 VCs aren't static and unchanging.