Of course this view is ridiculous. It is like looking at one hand of black jack in a casino : "you mean you spent millions of dollars building a casino and you

Of course this view is ridiculous. It is like looking at one hand of black jack in a casino : "you mean you spent millions of dollars building a casino and you let that player win!" Sadly though we only get to see the non-portfolio view of VC firms performance, the case-by-case view, when really the success of the fund (and the casino) is about the distribution of performances. Having said that, my offer still stands. I will build any member of this community a firm with a globally recognized brand name, that loses $100mn a year for $5bn down now. I will even throw in some jail time for securities fraud too.