The Power Law Paradox: you're more likely to 10x at scale.

→ 8% of unicorns reach decacorn status. → 13% of decacorns reach $100B. → 31% of $100B companies have gone on to 10x.

The conventional wisdom: early-stage has the best returns.

The data: you're more likely to 10x at scale.

Thomas Laffont (@coatue_thomas) at @theallinpod Liquidity Summit. Full video in the comments ⬇️.