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I'm wondering if this is true, and if so, why? It's the same winner take most dynamics. In most fields, like disk storage, it was extremely competitive and most
by DaniFong 13y ago
I'm wondering if this is true, and if so, why? It's the same winner take most dynamics. In most fields, like disk storage, it was extremely competitive and most profits disappeared.
VC in general has poor returns for funds outside of the top 10 or 20.
- foobarqux 13y agoIt is not the same winner take most dynamic: Most companies in a sector are not competing against one another, often they provide complementary goods and services. Also, small pieces of a big market can still be large. Putting aside the specific example of computer hardware it is clear that industry and sector macro trends exist: Consider the DotCom boom when tech VCs made superlative returns.