[nradov]

Perhaps, but we don't really know how much risk many of those VC funds are actually taking. With liquid, publicly-traded stocks we can sort of use variability of returns as a proxy for risk. But there's no equivalent good way to really quantify VC fund risk. Sure you can do risk modeling but it's just an educated guess.

[JumpCrisscross]

> there's no equivalent good way to really quantify VC fund risk

Distribution of returns. Longitudinal volatility is a (good) proxy for this.

[nradov]

Not enough data points, too much noise.