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Study shows that 90% of all investment profits are generated by just 5% of VCs. In any other low hit-rate profession (e.g. founder, actor, day trader) being wrong 95% of the time means you lose your shirt. But in VC, you make bank anyway.
@IlyaStrebulaev link to article: https://www.nber.org/papers/w35501
Study shows that 90% of all investment profits are generated by just 5% of VCs. In any other low hit-rate profession (e.g. founder, actor, day trader) being wrong 95% of the time means you lose your shirt. But in VC, you make bank anyway.