Why new VC funds offer the greatest opportunities in Venture Capital

Venture capital has an unintuitive math behind it, and the power laws of startup outcomes dictate why VCs prefer risky startups with massive potential to lower-risk startups with less perceived upside. The fund size of the VC firm you are raising money from dictates the minimum exit…

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There are 3 ways to successfully generate outsized returns in venture: 1) Find an obviously great company before anyone else. 2) Compete to win an allocation into an obviously great company. 3) Have a contrarian perspective on a company that everyone else thinks isn't great, and be right. All of the above can work, but require very different sk... See more