Agile VC

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Why Average VC Returns Don’t Really Matter

Agile VC

The same is not true for venture capital of course, since the underlying startups VCs invest in aren’t publicly selling their equity. Startup outcomes are a power law distribution rather than a standard distribution. But the median investment is almost certainly a middling return if not a modest loss.

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The Rise & Fall of Great Venture Firms [Part 1] ? AGILEVC

Agile VC

I happen to be fascinated by the history of the VC industry, and one of the things we discussed at a recent offsite are the common threads behind the rise and fall of great venture capital firms. How do you deal with a severely uneven distribution of investment success between individuals or groups of partners?