[etjossem]

If you read section #1 in the article, you'll note that there are a lot of bad picks out there. To review:

  - 4,000 startups a year. 
  - 3,000 seen by a16z.
  - 200 are "fundable."
  - 15 of those generate 95% of returns.

If a single VC firm were to fund all 4,000 startups (or even a representative sample of them), they'd be out of business in a few years. A "startup index" unbiased by due diligence is a pretty bad idea from an investor perspective.

That said, if you want an example of a seed fund with a pretty broad approach, take a look at the aptly-named 500 Startups.

[cklaus]

How has the 500 Startup Fund done?