venture capital
1 statements across 1 episodes · 0 bullish · 1 bearish · 1 people on the record · first statement Dec 19, 2023 by David Senra · across every show →
Everything said about venture capital, oldest first
Dec 19, 2023 negative
Thiel: VC diversification fails because returns follow an extreme power law
“Venture returns do not follow a normal distribution. They follow a power law. A small handful of companies radically outperform all others. If you focus on diversification instead of single-minded pursuit of the very few companies that, that can become overwhe…”