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> As a rule of thumb, 90% of the startups they bet on will fail outright, and simply burn through the investment. I recently heard a VC say that this was true
by dctoedt 9y ago
> As a rule of thumb, 90% of the startups they bet on will fail outright, and simply burn through the investment.
I recently heard a VC say that this was true back in the 90s but not so much today — that they're looking for singles, doubles, and triples as much as they are for grand-slam home runs.