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Venture capital funds are mostly just wasting their time and your money
(
ft.com
)
8 points
by
throwaway_89282
1031 days ago
2 comments
red-iron-pine
1031 days ago
> The perhaps obvious catch is that power law applies just as much to funds as stocks. Just a handful of VCs generate nearly all of the sector returns.
80/20 rule in action
link
throwaway_89282
1031 days ago
OTOH, indexation captures this while a manager does not...
link
throwaway_89282
1031 days ago
https://archive.ph/4srUw
link
80/20 rule in action