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Venture capital funds are mostly just wasting their time and your money | Better HN
Venture capital funds are mostly just wasting their time and your money
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(ft.com)
8 points
throwaway_89282
2y ago
3 comments
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red-iron-pine
2y 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
throwaway_89282
OP
2y ago
OTOH, indexation captures this while a manager does not...
throwaway_89282
OP
2y ago
https://archive.ph/4srUw
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