VC power curve

6% of the deals make 60% of the profits

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VC’s performance is driven by how big are their hits, not how many their flops

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from Ben Evans “In Praise of Failure”

found on Chen of a16z  “Why startups are hard — the math of venture capital returns tells the story”

Found at Fred Wilson’s https://avc.com/2019/09/the-hit-rate/

the rate of return of the whole VC industry correlates perfectly with the share of investment generation 10X+ returns

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