pg in 2012 Sept "The one thing we can track precisely is how well the startups in each batch do at fundraising after Demo Day. But we know that's the wrong met

pg in 2012 Sept "The one thing we can track precisely is how well the startups in each batch do at fundraising after Demo Day. But we know that's the wrong metric. There's no correlation between the percentage of startups that raise money and the metric that does matter financially, whether that batch of startups contains a big winner or not." (http://www.paulgraham.com/swan.html http://www.paulgraham.com/swan.html)