davemthrowaway

4 ms·

1.
by davemthrowaway 14y ago
This is sort of tangential to the main discussion. That said, I thought that strategy wasnt "optimizing" for black swans (as in trying to find specific investments where a black swan event is likely) so much as accepting that the market und
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by davemthrowaway 14y ago
In view of your comment I regret using the term institutional, I think that really means much larger investors. A quick Wikipedia check shows that technically venture is actually a subset of private equity. What I should have said is: try t
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by davemthrowaway 14y ago
That wasn't how I read the black swan farming piece. From what I remember he pointed out how total returns for the fund are dominated by the black swans. Then he discussed what yc would (theoretically) look like if they were going to try to
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by davemthrowaway 14y ago
The (deleted) comment that I was responding to referenced the new England patriots as an investment strategy. Do you actually think the patriots and nfl draft picks have more to offer a discussion of venture strategies than the concepts of
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by davemthrowaway 14y ago
Think of VCs as institutional investors who have a mandate to invest in a particular asset class. The sports metaphors do almost nothing to clarify.
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by davemthrowaway 14y ago
This is breathless nonsense. What is Dave trying to say? The only thing I gathered from this is that in his mind 500 startups can't attract or afford the most sought after yc companies and founders and.. That's ok, We're global! The math on