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Agreed that VCs pass on way more good companies than they invest in. But if a VC invests in .5% of companies they look at, and there are 3 great companies in th
by lpolovets 6y ago
Agreed that VCs pass on way more good companies than they invest in. But if a VC invests in .5% of companies they look at, and there are 3 great companies in that .5% and 15 great companies in the other 99.5%, that suggests the VC's ranking is pretty good on a relative basis.
- rorykoehler 6y agoIt's impossible to know as getting VC investment increases the odds of success or at least surviving to the point where you can even attempt to have a go. Clearly some are better than others at choosing winners. Part of me thinks that this could be driven by network more than competence though.