2 ms·
Scarcity should drive up the price and push net returns towards those of the broad market.
by foobarqux 12y ago
Scarcity should drive up the price and push net returns towards those of the broad market.
- ajju 12y agoThe thing you are missing is that it's really really hard to find the breakout startups. Even the top tier VCs don't know for certain whether a specific investment will be the breakout in their portfolio. They are betting that 1 out of n will be 1000x.