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VC funds have to invest in the bad companies to get access to the good ones
- iudqnolq 4y agoThe section of the article entitled "VC value add" discusses the paper "Predictably Bad Investments: Evidence from Venture Capitalists". That was discussed on HN[1] a few days ago, but the discussion went in a completely different direction and no one said anything similar. [1]: https://news.ycombinator.com/item?id=32042187 https://news.ycombinator.com/item?id=32042187