Cubitt: Only Tier-One Venture Firms Can Rely on Power-Law Returns
Code Cubitt · #95 Code Cubitt: Coachability Is Critical · Oct 27, 2020 · at 12:47
Mistral Venture Partners founder Code Cubitt explains why seed funds outside Silicon Valley cannot build strategy solely around finding fund-returning unicorns.
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“Unless you're a, I'm going to call it a tier one firm who has a history of getting amazing deal flow from the best founders, it's really tough to live on the power law and expect to get a unicorn in every fund.”
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