The venture capital industry is as asymmetrical an industry as any; the top 1% to 4% of venture investments usually get the outsized (10x+) returns. This game of home runs leads fund operators to consistently bet on some of the world’s most innovative, and implicitly riskiest, companies in the pu
Source: The VC Framework For Optimizing Success: The Kauffman Fellows Four Pillars – Kauffman Fellows
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