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Well I doubt that zombies would readily suck up that much time, but VCs would rather all their portfolio companies take bigger risks if it increased the chances
by eloff 10y ago
Well I doubt that zombies would readily suck up that much time, but VCs would rather all their portfolio companies take bigger risks if it increased the chances of a runaway success. Much better for a VC if twice as many of their companies fail, but they get just one more unicorn. All the returns come from unicorn companies, it follows a power law distribution.