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Generally a good post, though it's funny that Diego used a Fred Wilson quote right before his point about bi-modal returns, when Fred's one of the (few) VCs tha
by wheels 14y ago
Generally a good post, though it's funny that Diego used a Fred Wilson quote right before his point about bi-modal returns, when Fred's one of the (few) VCs that's spoken out against such:
http://www.avc.com/a_vc/2010/10/the-fallacy-of-bimodal-returns.html http://www.avc.com/a_vc/2010/10/the-fallacy-of-bimodal-retur...
- DanielRibeiro 14y agoDan Shapiro also explained this seemly irrational behavior that VCs have: http://www.danshapiro.com/blog/2010/08/vc-insanity-economics/ http://www.danshapiro.com/blog/2010/08/vc-insanity-economics...
- lifeisstillgood 14y agoThat's a remarkably clear and sensible strategy - I am glad you posted it. Also it gives a lie to the 1 winner, 2 profitable 7 busts theory of VCs I had heard from some bloke in a pub twenty years ago.