> Conventional investing wisdom tells us that VCs should pass on most deals they see. But our research indicates otherwise: At the seed stage, investors would i

> Conventional investing wisdom tells us that VCs should pass on most deals they see. But our research indicates otherwise: At the seed stage, investors would increase their expected return by broadly indexing into every credible deal. > That’s one of the results we found when we analyzed the thousands of deals syndicated by AngelList over the past seven years to test assumptions about the nature of venture capital returns. ... That period includes the loosest Fed monetary policy on record. It's remarkable for both Quantitative Easing and in some industrialized regions negative nominal interest rates, two things that few economists were talking about before 2008. At some point it will be clear to everyone that the last 12 years have been a mirage conjured by utterly unsustainable economic policies. As the saying goes, if the wind is strong enough even turkeys can fly.