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In short, the same principles driving VC returns are driving public market returns with the exception that amongst top teir VCs there is effectively insider inf
by rdlecler1 10y ago
In short, the same principles driving VC returns are driving public market returns with the exception that amongst top teir VCs there is effectively insider information which is illegal in public markets, hence no information asymmetry to bias returns.
- Nomentatus 10y agoGreat point - actually, what the article leaves out is that investors are always competing with vast holdings held by insiders who by definition have insider information; and most of their trades based on that insider information are perfectly legal (inevitably.) Such as selling their positions. Passing on insider information other than to the public at large is what's legislated against.