> Only a small minority of investments, aka a portion of seed rounds, are done with the technology (and subsequent business model) merely in a hypothetical whit

> Only a small minority of investments, aka a portion of seed rounds, are done with the technology (and subsequent business model) merely in a hypothetical whitepaper stage. There are occasional exceptions [0]. [0] https://venturebeat.com/2017/07/25/khosla-ventures-leads-50-million-investment-in-vicarious-ai-tech/ https://venturebeat.com/2017/07/25/khosla-ventures-leads-50-...