Hint: Nobody Has Any Idea How This Thing Works
In Venture Capital, we have lots of rules of thumb for assessing entrepreneurs. Some such rules are: Invest in guys who are already rich, because they have fewer distortions in their motivations....
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The Secret Trick of Portfolio Effect Dominance
Smart-as-a-whip VC Sim Simeonov did some math and some simulations and came up with the conclusion that a large “portfolio effect” has a major, almost overwhelming, effect on the financial returns of...
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