> From what I've seen, they have a pretty good record with this frame in mind. I've always wondered if this is true over the industry. Obviously the top line V

> From what I've seen, they have a pretty good record with this frame in mind. I've always wondered if this is true over the industry. Obviously the top line VC firms perform quite well, but I'd imagine there is huge survivorship bias here (much like the rest of the actively managed investment industry).