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My point with the "involuntary" aspect is that if you had this thesis, you'd still get power law returns. I'm not sure this has been pushed as hard as it could
by ivankirigin 11y ago
My point with the "involuntary" aspect is that if you had this thesis, you'd still get power law returns. I'm not sure this has been pushed as hard as it could be, but this is very consistent feedback from VCs.
And my personal experience of investing.
- corysama 11y ago> you'd still get power law returns. Yep. My scenario was told from the POV of an individual company. That's not a good way to explain the behavior of investors deciding between companies.