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As Paul Graham has emphasized before, virtually all of your financial return is in a teeny number of companies. IIRC just AirBnB and Dropbox account for a large
by adevine 11y ago
As Paul Graham has emphasized before, virtually all of your financial return is in a teeny number of companies. IIRC just AirBnB and Dropbox account for a large majority of return over ALL yc companies, and the number of companies that make up something like 95% of the total return can be counted on one hand.
- pbreit 11y agoThat's the conventional wisdom. I'm just not sure it is or has to be true.