> How do you establish that a VC has any skill? The Queensland University of Technology study showed that startups that took VC funding were no more or less li

> How do you establish that a VC has any skill? The Queensland University of Technology study showed that startups that took VC funding were no more or less likely to succeed than those that didn't. This suggests that the average VC cannot pick winners better than chance, and that "skill" is therefore not a requirement to be a VC. I find this disturbing.