Simkin: Unlimited upside asymmetry won't stop venture capitalists from going broke
Todd Simkin · Todd Simkin - Game of Trading at Susquehanna (EP.399) · Aug 5, 2024 · at 32:45
Todd Simkin, Associate Director at Susquehanna International Group, explains why asymmetric upside in venture capital does not guarantee profitability without price discipline.
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“But that does not mean because of the asymmetries that venture capital is a winning business because you've got this unlimited upside, or that insurance is a losing business because you've got this unlimited downside. Ultimately, what it comes down to is appropriate price. So you can go broke In venture capital by always overpaying.”
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