4 ms·
Venture capital funds are mostly just wasting their time and your money
- throwaway_89282 3y agohttps://archive.ph/4srUw https://archive.ph/4srUw
- red-iron-pine 3y ago> The perhaps obvious catch is that power law applies just as much to funds as stocks. Just a handful of VCs generate nearly all of the sector returns. 80/20 rule in action
- throwaway_89282 3y agoOTOH, indexation captures this while a manager does not...