On the other hand, there’s some suggestive evidence that seed-stage returns have a power-law distribution with α=1.7 - implying that the best strategy is to filter out the obvious duds and then invest in literally everything else.
On the other hand, there’s some suggestive evidence that seed-stage returns have a power-law distribution with α=1.7 - implying that the best strategy is to filter out the obvious duds and then invest in literally everything else.